Borrower misses 1stpayment

Borrower misses 2nd payment and lender sends notice informing borrower of default

Month 1 2 74 5 863 1413 15

Borrower misses 3rd payment; lender begins foreclosure process, informs borrower of intention to foreclose and sends file to attorney to initiate foreclosure

Foreclosure attorney reviews file, prepares complaint

Complaint filed

No (or insufficient) answer filed by borrower; motion for default filed by lender

Default (or summary) judgment of foreclosure entered

The right to redeem the loan via payment of judgment plus post-judgment expenses expires 7 months after service or 3 months after judgment

The right to reinstate mortgage expires 90 days after borrower is served

Judicial sale after notice of sale is published for at least 3 weeks

Order confirming sale entered; order of possession entered and stayed for 30 days

The special rights to redeem expire 30 days after confirma-tion. Order of possession goes to sheriff; borrower can be evicted

LISC/Chicago graphic created by Amadi Jordan-WalkerSource: Home Ownership Preservation Project @ Legal Assistance Foundation of Metropolitan ChicagoPhotos by: Alex Fledderjohn of Tu Multimedia

Mortgage Foreclosure Timeline in Illinois

Answer due to court

Borrower personally served

From the first missed payment to eviction, it takes 16 months for a typical foreclosure proceeding to conclude.