Legal Question in Real Estate Law in Illinois

Foreclosed Home

Our home was foreclosed on and sold. The balance of the loan was about $168K and they sold the home for $198K. Are we entitled to the difference and is there a statue of limitations on this to get this money back? If necessary how would we proceed?


Asked on 10/09/06, 3:19 pm

1 Answer from Attorneys
Charles Dobra Charles Wm. Dobra, Ltd.

Re: Foreclosed Home

Yes, you are entitled to the deficiency. You should contact the attorneys who represented the lender. They probably don't know where to find you. Yes, there is a S/L.

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Answered on 10/09/06, 3:54 pm


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