ADVERTISEMENT
Quinn Signs Fast-Track Foreclosure Legislation
By AP
SPRINGFIELD, IL - Governor Pat Quinn has signed a new law that's designed to speed up Illinois' foreclosure process.
 
The governor's office says the law will help restore neighborhoods and property values by decreasing the time a home sits empty and getting properties back on the market. The foreclosure process now takes nearly two years, and the law is designed to shorten that to a few months.
 
Quinn says the bill also will allow the state to invest in Illinois families by preventing foreclosures in the first place.
 
The law, for example, will provide about $13 million each year for housing counseling assistance, which is designed to help 18,000 households struggling to keep their homes. 
 
The law takes effect June 1. 

Published 01:25 PM, Friday Feb. 08, 2013
Updated 02:09 PM, Saturday Feb. 09, 2013

Please login to leave a comment.
  • View Comment
    View Comments

Weather

Paducah, KY and Surrounding Area:

Today:

H: 41° L: 28°
Scattered Snow Showers
Currently:

36°
Clear


View 7-Day Forecast
ADVERTISEMENT

Traffic Now

ADVERTISEMENT

Video