In 2024, Illinois ranked fifth for the number of foreclosures, after California, Florida, Texas, and New York. There were 13,082 foreclosure starts in 2024 across the state. A “start” means foreclosure proceedings were legally begun, but they may or may not have ended in actual foreclosure.
Illinois is a judicial foreclosure state, which means lenders must go through the courts to foreclose a property, which requires a judgment of foreclosure from a judge. Homeowners have the right to defend against that foreclosure and have the right to proper notice. If you are facing foreclosure of your home, speaking to a knowledgeable Libertyville, IL foreclosure attorney gives you the best chance of a positive outcome.