Updated about 9 years ago on . Most recent reply
Auction in 2 weeks, Can I still try for a subject to?
I just found the contact information of a property that I am interested in. The financing for it, or at least as everything that I was able to find on it, I have in place in cash if it goes to auction. I was hoping to catch it before it does as a subject to. Will I have enough time? Is that a good idea or should I just wait? (PS I have never done one, so I'm going to have to depend on my attorney. He is good, but I'm totally new to the creative side)
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The borrower's right to redeem isn't officially extinguished until after the judicial sale. Refer to the statute on "Special Right to Redeem" at 735 ILCS 5/15-1604.