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Research has indicated that most mortgage foreclosures could have been
discovered as many as 2 years earlier in Illinois counties where the real
estate taxes became delinquent and were not paid by the owner. In the
event the tax buyer purchases real estate and petitions for tax deed,
if the Lender does not properly respond to the petition, the security
interest of the mortgage will be lost. Our real estate taxes and mortgages
monitoring service will enable your financial institution (Lender) to
do the following:
1. |
Determine real estate mortgage delinquencies as early
as 2 1/2 years ahead of time. |
2. |
Eliminate losses due to tax deed proceedings. |
3. |
Reduce collection costs, attorney fees, and staff time. |
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