Effective immediately, Grace Period Notices (GPN) are no longer required to be sent in the state of Illinois. The statute which required a GPN to be sent to all mortgagors expired on July 1, 2016. There does not appear to be any activity in the state legislature to renew this provision of the Illinois Mortgage Foreclosure Law. Accordingly, any complaints filed after July 1, 2016 will not have a GPN requirement prior to filing. A GPN is not required to be mailed for complaints filed after July 1, 2016 even though the default may have occurred prior to the expiration of the statute. Therefore, we are advising that any complaints filed after July 1, 2016 do not have a requirement to send a GPN. Any complaints filed before July 1, 2016 must comply with the GPN statute.
Kimberly J. Goodell joined Potestivo & Associates, P.C. in September 2009 as a Law Clerk. After passing the Illinois Bar, Kim was promoted to the Illinois Litigation Department as an Association Attorney. While working in the Litigation Department, Kim also worked for the firm’s Illinois REO department. In June 2013, Kim was promoted to Supervising Attorney for the Illinois Foreclosure Department and continues to serve in that capacity.
Kim earned a B.A. in Political Science from Western Michigan University in 2007, graduating Magna Cum Laude. She went on to earn her J.D. from The John Marshall Law School in Chicago, Illinois in May 2011. Kim was admitted to the Illinois State Bar in November 2011 and was to the Michigan State Bar in July 2014.