What should I expect if I received a summons?

If you do not respond to the complaint in some fashion there will eventually be a judgment of Foreclosure and Sale and you might expect the property to be auctioned by the Sheriff in about 7-8 months. There could be a monetary judgment taken against you as well if the auction price is less than the mortgage amount. After the Sheriff's auction the occupants (presumably you and your family) are likely to be evicted. The monetary judgment could also be taken against the co-signer. You usually have the right to reinstate the loan within 90 days, which means to bring the loan payments current. Another option is to respond in some fashion under the Illinois Code of Civil Procedure and the Illinois Mortgage Foreclosure Law. That option might vary the outcome and possibly extend your time in the premises. There are other factors too numerous to discuss in this fashion. This response does not establish an attorney client relationship with the undersigned and any person and is intended only as a general comment based upon very cursory facts.