Eureka is a city in Woodford County, Illinois, United States. The population was 4,871 at the 2000 census. It is the county seat of Woodford County. The city was founded in the year 1855. Eureka is part of the Peoria, Illinois Metropolitan Statistical Area. Eureka is a small community centered around the intersection of what is now U.S. 24 and Illinois 117. It is also one of the towns along the Ronald Reagan Trail, a series of roads that connect towns in northern Illinois that were of importance to Reagan's early life. It is known for being the location of Eureka College, a private college associated with the Christian Church and the alma mater of former president Ronald Reagan. Reagan graduated from Eureka College in 1932. Eureka styled itself the "pumpkin capital of the world" until its pumpkin-processing plant moved to nearby Morton, Illinois.

Foreclosure Law Lawyers In Eureka Illinois

Advertisement

What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.

Answers to foreclosure law issues in Illinois

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...

When facing foreclosure it is important that homeowners understand all of the options available to help prevent...