Illinois extends foreclosure grace period to 2016

Gov. Pat Quinn signed legislation into law this week extending the Illinois Homeowner Protection Act until 2016. The law, which would have been repealed on July 1, provides struggling Illinois homeowners with a 90-day grace period to seek housing counseling and potentially refinance before foreclosure proceedings are started. Read more in the Chicago Tribune.

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About Jon Broadbooks

Jon Broadbooks is Vice President/Communications for Illinois REALTORS®. He serves as editor of online and print content for the association's communications including the Illinois REALTOR® magazine and e-newsletters. He conducts spokesperson training seminars and oversees website development for the Association.

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