Law to speed up foreclosure of abandoned homes
It soon could become easier to rid neighborhoods of abandoned, foreclosed homes.
This week, the Illinois General Assembly approved legislation that could speed up the foreclosure process for vacant, abandoned homes, decreasing the length of the judicial process from as much as two years to as little as three or four months.
The measure, Senate Bill 16, was passed unanimously by the state Senate on Wednesday and the state House on Tuesday.
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