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Foreclosures are pretty much limited to mortgages. State and Federal Laws protect 401(k)s from attachment. Consult an Illinois lawyer if you need more clarification.

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13y ago

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Related Questions

Are assets in a 401k in Florida protected from a foreclosure sale?

Yes


What is the length of time in Illinois for a foreclosure?

In Illinois, the foreclosure process typically takes between six months to over a year, depending on various factors such as court schedules, the complexity of the case, and whether the borrower contests the foreclosure. If the homeowner contests the foreclosure or files for bankruptcy, it can extend the timeline significantly. Additionally, Illinois has a judicial foreclosure process, meaning all foreclosures must go through the court system, contributing to the duration.


Is my 401k and IRA protected from foreclosure?

If by "foreclosure" you mean that the mortgage lender is taking your home back, yes they are prtected. However, if you really mean BANKRUPTCY, no, they are NOT protected, since they are assets you can use to reimburse your creditors.


Does the state of Illinois allow mortgage companies to sue for a deficiency judgment after the foreclosure?

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Honey bees are protected in the state of Illinois. The state of Illinois works with beekeepers to protect honey bees from exposure to pesticides that may harm them or cause their existence to be in danger.


Where to get more information on 401ks.?

In order to get information about 401ks you must contact a specialist who knows a lot about the topic and can explain it or go onto your computer and do some research.


What businesses offer early withdrawal of 401ks?

Every bank allows you to do an early withdrawal of 401ks. However, this should only be done in emergencies, because it will cost you a lot of money in the long term.


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What is the process for obtaining an Illinois deficiency judgment after a foreclosure sale?

To obtain an Illinois deficiency judgment after a foreclosure sale, the lender must file a lawsuit within 90 days of the sale. The court will then determine the amount owed by the borrower, taking into account the sale price of the property and the outstanding loan balance. If the court finds a deficiency, the lender can seek a judgment for the remaining amount owed.


What is a foreclosure dismissal?

Foreclosure dismissal is a simple foreclosure challenge that can be filed to the foreclosure complaint even without an attorney.Added: A foreclosure dismissal is a court order dismissing a foreclosure action.


What is foreclosure help?

Foreclosure help is advice and help you can get from an organization or service that will help you through a foreclosure or help you stop a foreclosure. Foreclosure Help and Hope is an organization that can help.


Is there a statutory right of redemption in California?

There is no statutory right to redemption in Illinois; however Illinois does have an equitable right of redemption which is a borrowers right to clear debt prior to foreclosure (short sale). The equitable right of redemption lasts for 7 months after date of service or the first publication date whichever is later.