Foreclosure Sale Checklist
A step-by-step guide to selling your home before or during foreclosure proceedings in Illinois.
A step-by-step guide to selling your home before or during foreclosure proceedings in Illinois.
Find your original mortgage, note, and any modification agreements. Know your loan servicer and account number.
Illinois is a judicial foreclosure state. The process typically takes 7-12 months from the first missed payment to sheriff's sale.
Under Illinois law (735 ILCS 5/15-1602), you can reinstate your mortgage by paying all past-due amounts up to 90 days before the sale confirmation.
Compare your outstanding mortgage balance, fees, and penalties against your home's current market value. Even in foreclosure, you may have equity.
If you owe more than the home is worth, discuss short sale options with your lender. They may accept less than the full balance to avoid the foreclosure process.
Contact a cash buyer like Sell Chicago Properties. We can close in 7-14 days - often before the foreclosure sale date.
Illinois law provides specific foreclosure protections. An attorney can review your options and potentially delay proceedings while you explore alternatives.
Collect your property tax bills, HOA statements, utility bills, insurance information, and any repair records.
Search Cook County records for any other liens (tax liens, mechanic's liens, HOA liens) that would need to be addressed at closing.
You have the right to sell your property up until the foreclosure sale is confirmed by the court. Don't wait until the last minute.
Use your browser's "Save as PDF" option when the print dialog opens.
Facing foreclosure? We can help you sell your home fast for cash - often before the sale date.
Learn About Our Foreclosure SolutionsForeclosure does not have to mean losing everything. Sell your home for cash before the sale date and walk away with equity.