Illinois Compiled Statutes 735 ILCS 5/15-1103 – Jurisdiction
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Terms Used In Illinois Compiled Statutes 735 ILCS 5/15-1103
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
The authority of the court continues during the entire pendency of the foreclosure and until disposition of all matters arising out of the foreclosure.