If I lose my home to foreclosure in Illinois, can I get it back? Foreclosed homeowners sometimes get the right to redeem (repurchase) the home after a foreclosure sale in Illinois—but you must act quickly. By Amy Loftsgordon, Attorney

Question

My wife and I own a home in Chicago, Illinois. A few months ago my wife lost her job and we fell behind in our mortgage payments. (I’m a stay-at-home dad.) The house is now in foreclosure. We love living here and would like to hold on to the house. Neither of us is currently working, but I’m expecting a big inheritance soon. Is there any way for us to get the house back if we lose it to foreclosure?


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