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July 28, 2014, 9:25 am
970 WMAY News

Illinois Law Speeds Up Foreclosure Process - Helps Homeowners


Beginning June first, vacant foreclosed homes will no longer languish on the market. Governor Pat Quinn has signed a law that would shorten the normally two year process to a few months, so property values and neighborhoods can be protected.

 

Quinn says the law also would allow Illinois to invest in families by preventing foreclosures in the first place. The bill allocates funds for housing counseling assistance to help households struggling to keep their homes.

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