Illinois’ top court forms foreclosure commission

The Illinois Supreme Court on Monday announced the formation of a special committee to investigate the fairness of mortgage foreclosures in Illinois and perhaps change the rules that govern the process.

Among the areas to be investigated are the different rules and procedures concerning how foreclosures are handled in different counties as well as legislative proposals pending in the Illinois General Assembly that may impact mortgage foreclosures. The committee also is charged with making recommendations regarding foreclosure rules that could be implemented statewide.

Speeding up the foreclosure process isn’t the committee’s priority, said Supreme Court Justice Mary Jane Theis. Rather, the committee will focus on improving the system so homeowners better understand the court process while the court also determines how to best deal with allegations of unreliable fraudulent documentation in cases.

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