Long Odds: Commercial Mortgagors Fighting to Keep Their Property During Foreclosure Have Few Options

By Tracy Steindel Ickes

Whether the plaintiff-mortgagee or the defendant mortgagor retains possession of a non-residential property during foreclosure proceedings can have high financial stakes.  Commercial Mortgagors fighting to keep their property during foreclosure have few options.  How does the Illinois Mortgage Foreclosure Law address these concerns?

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Reprinted with permission of the Illinois Bar Journal,

Vol. 102 #3, March 2014. Copyright by the

Illinois State Bar Association.

www.isba.org