Libertyville is a northern suburb of Chicago in Lake County, Illinois, United States. It is located 5 miles west of Lake Michigan on the Des Plaines River. The 2000 census population was 20,742; the 2005 estimate was 21,760. (There is also a township of the same name, which includes the village and some surrounding areas. ) Located in northeastern Illinois southwest of Waukegan and west by northwest of Lake Forest, its immediate neighbors are Mundelein to the west, Lake Bluff to the east, Gurnee to the North and Vernon Hills to the south. Terry Weppler was elected mayor of Libertyville on April 8, 2009. Running on a platform of improving Libertyville by removing incompetence, he defeated incumbent Mayor Jeffrey Harger, 71 percent to 29 percent.

Foreclosure Law Lawyers In Libertyville Illinois

Advertisement

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...