Form 171-520 Petition for Turnover of Surplus Funds - Lake County, Illinois

What Is Form 171-520?

This is a legal form that was released by the Circuit Court Clerk’s Office - Lake County, Illinois - a government authority operating within Illinois. The form may be used strictly within Lake County. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 171-520?A: Form 171-520 is a petition for turnover of surplus funds in Lake County, Illinois.

Q: What is the purpose of Form 171-520?A: The purpose of Form 171-520 is to request the court to release any surplus funds resulting from a foreclosure sale.

Q: What information is required on Form 171-520?A: Form 171-520 requires information such as the case number, property address, details of the foreclosure sale, and the petitioner's information.

Q: Who can file Form 171-520?A: Any interested party, such as the former property owner or lienholder, can file Form 171-520.

Q: Is there a fee for filing Form 171-520?A: Yes, there is a filing fee associated with Form 171-520. Please refer to the court's fee schedule for the exact amount.

Q: What happens after Form 171-520 is filed?A: After Form 171-520 is filed, a hearing will be scheduled where the court will review the petition and determine whether to release the surplus funds.

Q: What can I do if my Form 171-520 is denied?A: If your Form 171-520 is denied, you may have the option to appeal the decision or seek further legal advice.

Q: How long does it take to process Form 171-520?A: The processing time for Form 171-520 varies depending on the court's workload, but it typically takes several weeks to a few months.

Q: Can I get legal assistance in filling out Form 171-520?A: Yes, you can seek legal assistance from an attorney to help you properly fill out and file Form 171-520.