foreclosure only on part of a loan

[kara8]

I have a 80/20 % split loan for my mortgage. The lender is foreclosing on the 80% but not the 20% which is current. Is there anything that can be done regarding the foreclosure process due to the fact a portion of the loan is in good standing?

 

[army judge]

I have a 80/20 % split loan for my mortgage. The lender is foreclosing on the 80% but not the 20% which is current. Is there anything that can be done regarding the foreclosure process due to the fact a portion of the loan is in good standing?

I'll state the obvious, first. You can get the loan current before the foreclosure. You'll have the right of redemption for two years in Illinois, even after a foreclosure and sheriff's sale.

You can try to negotiate with your lender.
That is often futile.

What you really need is an attorney.
There are things an attorney can try to do for you.
Why not talk to one?
The initial consultation is free.

There is also bankruptcy.
The attorney can explain how that might work in your favor.

I hope things work out for you.
Good luck.