Timeline for Foreclosure in Illinois


Foreclosure pic
Image: illinoislegalaid.org

As a privately practicing attorney with offices in and around Hinsdale, IL, Cynthia Ann Miller represents clients in a wide variety of real estate matters. Cynthia Miller has overseen her firm in litigating a number of foreclosures in and around Hinsdale, IL.

For a lender in the state of Illinois to initiate foreclosure, a borrower must be 120 or more days delinquent on his or her account. Most contracts include a clause that requires the lender to send a breach letter, also known as a demand letter, to inform the borrower of the loan’s default status. The letter must specify the nature of the default, what the borrower must do to remedy the default, and the date by which he or she must do so.

The letter must also remind the borrower that failure to take the required action will lead to acceleration of the debt, which means that the debtor must pay the entire balance or the property will be sold. If the borrower does not remedy the debt, the lender must then file a lawsuit to begin the foreclosure process. The lender files a complaint, which the court then serves to the borrower, alongside a summons that gives the borrower 30 days to respond.

Failure to respond results in an automatic judgment on behalf of the lender. If the borrower does file, the lender may file for summary judgment in his or her favor, or agree to have the case go to trial. In either case, if the court rules in favor of the lender, the court will issue a foreclosure judgment and the property will go to sale.


Illinois State Bar Association Sponsors Annual Conference

Illinois State Bar Association pic
Illinois State Bar Association
Image: isba.org

An attorney at her own law office in Hinsdale, IL, Cynthia Ann Miller represents buyers and sellers working in commercial and residential real estate. Establishing her practice in1992, she oversees offices located in Downers Grove, Naperville, and Hinsdale, all in IL. To help her stay compliant, Cynthia Miller maintains membership with numerous professional organizations, one of which includes the Illinois State Bar Association (ISBA).

Founded in 1877, the ISBA is a voluntary organization that helps Illinois lawyers by proposing legislation, educating the public, and supporting the courts. Since its inception, the organization has amassed more than 30,000 members.

Each year the ISBA hosts a conference where members convene, share ideas, and listen to keynote speakers. The 2016 event, scheduled for June 16 through 18 at the Westin O’Hare in Rosemont, Illinois, is entitled Annual: Redone. This annual meeting is the organization’s 140th. Typically the event includes an awards luncheon, day camps for kids, and a networking breakfast. In addition, attendees have an opportunity to partake in a dinner and president’s installation. The 2015 meeting included a breakfast symposium conducted by J. Brick Van Der Snick who discussed how to identify and prevent employee theft.