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Consent Foreclosure

chicago bungalow in deed in lieu

Facing Foreclosure? Understanding Consent Foreclosure vs. Deed in Lieu

Losing your home to foreclosure can be devastating, both financially and emotionally. But if you’re struggling to make mortgage payments, there are options beyond simply letting the process run its course. Two key alternatives are consent foreclosure and deed in lieu of foreclosure, both allowing you to surrender your property while potentially mitigating the damage. […]

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turning over keys to home in consent foreclosure

What is Consent Foreclosure? Illinois Tips and Tricks

If you’re dealing with mortgage issues in Illinois, you’ve probably heard about the usual way homes are taken away, called “judicial foreclosure.” But there’s another option that’s not as well-known but may be a better fit – it’s called “consent foreclosure.” This process is guided by the Illinois Mortgage Foreclosure Law (IMFL), provided under the

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