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IN THE CIRCUIT COURT OF THE TWELFTH JUDICIAL CIRCUIT WILL COUNTY, ILLINOIS ___Plaintiff vs CASE NO: ___ CHResidential Mortgage Foreclosure ___DefendantVERIFIED STATEMENT (Pursuant to 735 ILCS 5/151504.1)The

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What is ch-residential mortgage foreclosure?

Ch-residential mortgage foreclosure refers to the legal process through which a lender seeks to recover the balance of a loan from a borrower who has stopped making payments on a residential mortgage.

Who is required to file ch-residential mortgage foreclosure?

The lender or servicer of the mortgage is typically required to file for a ch-residential mortgage foreclosure in order to initiate the legal proceedings.

How to fill out ch-residential mortgage foreclosure?

To fill out a ch-residential mortgage foreclosure, the lender must complete specific forms that include details about the mortgage, the borrower's information, payment history, and legal descriptions of the property.

What is the purpose of ch-residential mortgage foreclosure?

The purpose of ch-residential mortgage foreclosure is to allow lenders to reclaim property that secures the mortgage loan after the borrower fails to meet their repayment obligations.

What information must be reported on ch-residential mortgage foreclosure?

The information that must be reported includes the borrower's name, loan details, payment history, the amount owed, property details, and any other relevant documentation supporting the foreclosure.

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