Gurnee is a village in Lake County, Illinois, United States. The population was 28,834 at the 2000 census, and estimated to be 30,772 in 2005. The village borders the city of Waukegan and is considered a part of the Chicago metropolitan area. The village is home to many Chicago Bears players, including NFL recordholder Devin Hester, and Warren Township High School graduate and Olympic track and field hopeful, Sarahbeth Jones. Gurnee has benefited from its location as the midway point between Milwaukee and Chicago.

What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.

Answers to foreclosure law issues in Illinois

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...

When facing foreclosure it is important that homeowners understand all of the options available to help prevent...

Federal court opinions concerning foreclosure law in Illinois