Consent Foreclosure

$2,299.95

On the rare occasion, a foreclosure may not require a sheriff’s sale in Illinois. However, the bank must take back the real estate in total satisfaction of the indebtedness & the borrower must agree to sign a consent foreclosure stipulation. This procedure can save the bank both time and money if it is available.

We encourage our clients to review our performance in furthering the level of customer satisfaction, but want you to rate us 5 stars, or let us know how to improve.  Additional terms in description below and on our Terms & Conditions page. Thanks!

Description

On the rare occasion, a foreclosure may not require a sheriff’s sale in Illinois. However, the bank must take back the real estate in total satisfaction of the indebtedness & the borrower must agree to sign a consent foreclosure stipulation. This procedure can save the bank both time and money if it is available.

This is a “plain vanilla” commercial consent foreclosure, which means that it assumes the borrower does not fight at all and the required procedure through judgment is followed and not upset by any other interested parties.

Costs of suit, the publications required by the statute, fees to update the title work, service of process, and mileage, is not included.

This product starts the automated process under continuous development by the Collateral Base.  We work to streamline and simplify the bank litigation process to the extent that it can be in situations where cases have no interested parties, or defendants, that upset the statutory rubric required for satisfying the due process of law of judicially reassigning legal title to real estate in Illinois.

This product is NOT available for Cook County, and currently is only available to financial institutions within 100 miles of our main office in Peoria, Illinois. No attorney client relationship is formed by selecting and checking out with this product.  All attorney client relationships arising from reserving this procedure shall be governed by an engagement letter that arises from requesting the service of this procedure.

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