Probate Laws in Illinois

[Bob E.]

So we have a Non Performing note in Chicago and the borrower is deceased.  Can anyone advise how I find out who the executor is for the estate?  Would this be in public record somewhere?

Bob

[Dave Metsker]

@Bob E. If you own a note and mortgage with equity, start a foreclosure.  Often, the family WILL NOT start a probate, if the only asset is a house in some stage of delinquency.  The foreclosure will get the attention of the family members (if any), and you can then negoiate with them, or contine the foreclosure, so you get the house WITHOUT  the need of a probate.  If you get a quitclaim deed from all heirs, you may be in a position to avoid any overbids at the sherrif sale, due to your redemption rights.  This is a very nifty technique we use here in Portland.