Missouri Illinois Bankruptcy Attorney Foreclosure Reposession of Car

How We Can Help you

Bankruptcy Blog

Library

Castle Law Office Bankruptcy News for Missouri & Illinois | Castle Law Bankruptcy Current Events

Cook County Courts To Halt Foreclosures Until Fall Due To Huge Caseload

The court that serves Chicago and the surrounding area of Cook County, Illinois, has made the decision to halt the majority of its foreclosure cases until September, reports housingwire.com. The court cites an enormous glut of foreclosures for the delay, saying that it will spend the summer working through the more than 10,000 existing foreclosure cases that already exist.

The Cook County Circuit Court is the one of the most populous counties in the country and Chicago has suffered from a high volume of foreclosure cases even before the housing crisis began earlier this year. In 2008, Cook County received 43,876 mortgage foreclosures - a number that is expected to rise to over 63,000 cases this year. This increase of 30% has caused the court to hire 11 extra judges for the foreclosure hearings and assign six extra courtrooms for the foreclosure activities. In addition, extra law clerks and secretaries have also been added as of April in an attempt to handle the huge caseload.

Still, the court is struggling to handle to high volume of incoming foreclosure cases. In the next step toward solving the problem, Judge Dorothy Kirie Kinnaird order to halt most incoming cases until the end of August in hopes of resolving all cases filed in 2008 by that date. One exception to this rule will be properties that are vacant and abandoned.

Some predict that the caseload in Cook County might get worse before it gets better, especially if those filing for Chapter 13 bankruptcy are allowed to ask the court for mortgage modifications in order to save their houses from foreclosure.

Read More About Cook County Courts To Halt Foreclosures Until Fall Due To Huge Caseload...

back to top

News

FAQs