Braidwood is a city in Will County, Illinois, United States, approximately 53 miles (85 km) southwest of Chicago and 18 miles (29 km) south of Joliet. The population was 5,203 at the 2000 census. The Braidwood Nuclear Generating Station, a nuclear power plant currently owned by Exelon Corporation, is also located in the area (although the plant's address is actually in the nearby town of Braceville). The station is one of the major employers in the area and provides a significant portion of the electricity used in the Chicago area. Braidwood was featured in the film Planes, Trains, and Automobiles, starring Steve Martin and John Candy. The scene in the movie at the Braidwood Inn was not filmed in Wichita, but was filmed in Braidwood, Illinois. Other neighboring towns such as Coal City also briefly appeared in the movie.

Foreclosure Law Lawyers In Braidwood Illinois

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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