Illinois Modifies Provisions Regarding Foreclosure

July 13, 2021

Illinois Senate Bill 255 amends the Mortgage Foreclosure Article of the Code of Civil Procedure to provide that the order confirming the sale of property may approve the mortgagee's fees and costs (i) arising between the entry of the judgment of foreclosure and the confirmation hearing, and (ii) incurred on or after the date of execution of an affidavit stating the amount due and prior to the judgment but not included in the judgment, those costs and fees to be allowable to the same extent as provided in the note and mortgage; effective July 9, 2021.

View Article Source →

Stay Informed, Subscribe to the Compliance Newshub