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Re: Mortgage question Why Chat


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Posted by WHY CHAT (209.240.198.61) on June 22, 2003 at 22:44:40:

In Reply to: Re: Mortgage question Why Chat posted by observer on June 22, 2003 at 20:54:53:


Assuming this was not agricultural property, Ill. does allow a creditor to file for a deficiency on a foreclosure, however, as far as I can determine, unlike Mass. 2 year SOL, or N.H. 20 year SOL on such actions, Ill. requires the notice of filing for a deficiency to be concurrant WITH the foreclosure. I.E.NO SOL at all. It must be done at the SAME TIME as the foreclosure.(unless my poor old eyes have misread the statute)



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