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Archive for March 2012

“Short Sale” Provision Adopted For Foreclosure Proceedings

By Admin | March 1, 2012

The Illinois Mortgage Foreclosure Law, 735 ILCS 5/15-1101 et seq . (“IMFL”), has been amended to
require mortgagees to say aye or nay to requests that they approve “short sales” of residential real
estate that is in foreclosure.

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