For the Illinois village previously known as Rantoul see Alma, Illinois Rantoul is a village in Champaign County, Illinois, United States. The population was 12,918 at the 2000 census; however, by 2007 it had shrunk to 12,402. The present mayor is Neal Williams, who was re-elected in 2009. The community was named after Robert Rantoul, director of the Illinois Central Railroad. In 1917, Rantoul was chosen to be the site of the Chanute Field due to its proximity to the Illinois Central railroad and the War Department’s ground school housed at the University of Illinois. In the 1930s, Chanute grew, dominating the local economy as thousands of Airmen were stationed there to train new recruits who cycled in and out. Renamed Chanute Air Force Base after World War II, the base was closed in 1993, and partly reoccupied by the Octave Chanute Aerospace Museum and the Rantoul National Aviation Center. The major employers in Rantoul are C.I. Telecom, JELD-WEN, Bell Sports, Bell Racing, Combe Laboratories, Eagle Wings Ind. , Conair Corporation, Microfilm Service, AT&T, and Pactuco.

Foreclosure Law Lawyers In Rantoul 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...