Tag: grace period letter

Every Day Counts

Posted by AFDA - February 18, 2013 - For Home Owners 30 Day Grace Period Notice Letter

Does 30 days make a difference? The Illinois legislature believes it does. Through July 2013, it is against the law to file a foreclosure lawsuit without first sending a Grace Period Letter via regular U.S. Mail to the property address. (735 ILCS 5/15-1502.5.) The law applies when the homeowner meets the following criteria: The homeowner […]

Read More