There's relief for Illinois homeowners facing foreclosure. Governor Pat Quinn signed the law Friday, which he says helps hard-working people stay in their home when they're facing a tough situation.
The new law creates a fast track process when foreclosed property has been abandoned. The new expedited process will ensure the foreclosure process is complete in about 100 days instead of nearly 500 days. The law also requires some banks to pay a fee, which will provide millions of dollars to help counsel those who are facing foreclosure.
Governor Quinn says the state is helping people fight back against shady bankers who caused the housing crisis.
Senator Jackie Collins says stability in the housing market will help restore the state's economy.
Chicago resident Harriet Edmonds says she faced foreclosure nearly three years ago, and found help through the states Hardest Hit program.