Illinois Foreclosure Law

This information is designed to help you understand the process in Illinois.

However, legal information is not legal advice. We are not giving legal advice. The laws of Illinois may frequently change. If necessary, seek legal or professional advice according to your situation. I have elected to summarize the foreclosure laws in Illinois. For a more in-depth analysis of Illinois Foreclosure Laws, please visit the Illinois state website.

Illinois is:

  • Judicial Foreclosure Available: Yes
  • Non-Judicial Foreclosure Available: No

  • Primary Security Instruments: Mortgage
  • Timeline: Typically 210 days
  • Right of Redemption: No
  • Deficiency Judgments Allowed: Yes

  • Lenders in Illinois have a number of options available to them to foreclose on a mortgage in default.

    As previously stated, from time to time these laws do and are subject to change. This means that the best way to stay up to date is to double check with the official Illinois Statutes before making definite decisions.

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