With Foreclosure rates on the rise in 2023, lenders in Illinois should take particular care to ensure that they are in compliance with the various state, county and municipal notice and registration requirements for properties subject to foreclosure proceedings. Section 15-1503 of the Illinois Mortgage Foreclosure Law (the “IMFL”) requires that a notice of foreclosure […]

The post 2023 Updates to the Illinois Mortgage Foreclosure Law and Property Registration Considerations for Lenders in Illinois first appeared on FORECLOSURE FRAUD.