Fort Sheridan is a residential neighborhood spread among Lake Forest, Highwood, and Highland Park in Lake County, Illinois, United States. It was originally established as a United States Army Post named after Civil War Cavalry General Philip Sheridan, to honor his services to Chicago. When the main fort was officially closed by the Army on 3 May 1993, the majority of the property was sold by the Department of Defense to commercial land developers. Most of the original housing structures were then refurbished and resold as a residential community. Approximately 90 acres of the southern end of the original post was retained by the Army and now operates as the Sheridan Reserve Center complex.

Foreclosure Law Lawyers In Fort Sheridan 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...