Illinois Law Allowing Active-Duty Servicemembers To Apply For 90-Day Foreclosure Delay Goes Into Effect

The Huffington Post reports:

• The state of Illinois has faced an especially grim foreclosure picture in the last several years, and the outlook is likely to get bleaker in the first quarter of 2011. [...] But thanks to a new law that went into effect on New Year's Day, one especially vulnerable group of Illinoisans will be allowed a temporary reprieve.

• House Bill 3762, which passed the House and Senate unanimously in the spring and was signed into law over Memorial Day 2010, will allow active-duty service members to apply for a 90-day delay if facing foreclosure.

For more, see Illinois Foreclosures Law Helps Military Service Members Get Reprieve.