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Audio & Reference Manual

Illinois Foreclosure and Repossession Compliance

Learn the necessary procedures to follow for foreclosure and repossession compliance in Illinois, and avoid common pitfalls. Many foreclosures in Illinois are won by default, when others may take years to be completed. This topic will help bankers and collection professionals save time and money by making sure the foreclosure complaint complies with Illinois Mortgage Foreclosure Law (IMFL), as well as ensure a borrower's rights are properly represented. This topic is important for those involved in foreclosure litigation and consumer debt collections.


Runtime: 54 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Mortgage Foreclosure in Illinois and the Timeline

  • Illinois Mortgage Foreclosure Law (IMFL) and Initiating the Complaint
  • The Short Form Complaint
  • Parties to the Foreclosure
  • Reinstatement and Redemption

Answering the Complaint

  • Defenses and Counterclaims
  • Judgment of Foreclosure and Sale
  • Consumer Financial Protection Bureau Rules and Guidelines

The Sheriff Sale

  • The Process and Forms
  • Who May Bid
  • Rights of Borrowers

Confirmation of the Sale

  • Objections
  • Right to Possession/ Eviction
  • Third Party Bidders and Tenants
  • Appeals
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on January 30, 2017.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • IL CLE 1.0
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Andy Williams, Jr.

Andy Williams, Jr.

Freelance Paralegal Services

  • Founder of Freelance Paralegal Services
  • Focuses on supporting solo-practitioners who represent consumer right issues, primarily focusing on foreclosure and debt collection matters
  • Supports five law firms in their consumer rights litigation practice
  • Wrote a reference manual explaining mortgage servicing fraud and sharing how he discovered it in his loan documents
  • Founder of Consumer Action Resource Group and past 3rd vice president of DuPage NAACP
  • Bachelor's degree in paralegal studies, Lewis University
  • Can be contacted at [email protected]
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 397386
Published 2017
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Available in Multiple Formats

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