Crystal Lake (815) 788-9511

Foreclosure Actions

Put a Stop to Foreclosure

If a mortgage goes into default, the mortgage lender's remedy is sell the property through the foreclosure process.  The goal of the foreclosure is to obtain a court order permitting the lender to sell the property.  Normally, the lender will succeed in obtaining the order that permits them to sell the property, unless the borrower is able to pay the lender the amount due.

Many individuals in this situation use Chapter 13 to prevent the lender from selling their house.  Once the Chapter 13 Bankruptcy petition is filed with the Bankruptcy Court, the lender is required to immediately stop the foreclosure case, even if they are about the sell the property.

The debtor is then permitted to propose the repayment of the default amount through their Chapter 13 plan while being shielded from the lender's foreclosure action.

If you have questions about foreclosure protections, call our office today for a free consultation.

Contact Us

Law Office of Timothy Brown is committed assisting individuals in need of Debt Relief, Bankruptcy Litigation, Chapter 7, Chapter 13, Creditor Harassment Defense, Debt Collection Defense, and Foreclosure law issues in Illinois.

We will discuss your case with you at your convenience. Contact us today to schedule an appointment.