Illinois Order to Stay Foreclosure Sale

State:
Illinois
Control #:
IL-SKU-2591
Format:
PDF
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Description

Order to Stay Foreclosure Sale An Illinois Order to Stay Foreclosure Sale is a legal document issued by the court which temporarily halts the foreclosure process on a property in the state of Illinois. This order is typically issued when the homeowner has filed an objection, motion, or other court action to challenge the foreclosure. The order stays the foreclosure sale, allowing the homeowner more time to pursue a solution and to work with their lender to avoid foreclosure. There are two types of Illinois Order to Stay Foreclosure Sale: an Automatic Stay and a Discretionary Stay. The Automatic Stay is issued automatically when the homeowner successfully files a court action to challenge the foreclosure. The Discretionary Stay is granted by the court on a case-by-case basis, typically when the homeowner has presented sufficient evidence to support their objection to the foreclosure.

An Illinois Order to Stay Foreclosure Sale is a legal document issued by the court which temporarily halts the foreclosure process on a property in the state of Illinois. This order is typically issued when the homeowner has filed an objection, motion, or other court action to challenge the foreclosure. The order stays the foreclosure sale, allowing the homeowner more time to pursue a solution and to work with their lender to avoid foreclosure. There are two types of Illinois Order to Stay Foreclosure Sale: an Automatic Stay and a Discretionary Stay. The Automatic Stay is issued automatically when the homeowner successfully files a court action to challenge the foreclosure. The Discretionary Stay is granted by the court on a case-by-case basis, typically when the homeowner has presented sufficient evidence to support their objection to the foreclosure.

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Illinois Order to Stay Foreclosure Sale