Enter your full names as Defendants. I believe that you have not paid your Personal Loan for the last 9 - 12 months.Learn how long it takes to foreclose on a home in Illinois, the best way to avoid foreclosure and the 10 steps in the Illinois home foreclosure process. All information in the notice must be accurate. There were no other bidders. Mortgage seasoning refers to the time lenders require for funds to have been in your bank account in order to approve you for a home loan. Mortgage seasoning refers to the time lenders require for funds to have been in your bank account in order to approve you for a home loan. Stark says that this can make it easy for investors that now own the loans to foreclose. Does a reverse mortgage lien the property in foreclosure or is it a no recourse personal loan until probate? In word fill out and sign - Sep 27.