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Hi Pat, the motion you will want to make is a "Motion to Set Aside Default" Under Illinois Law, it is statute: 2.1301: http://codes.lp.findlaw.com/ilstatutes/735/5/II/2-1301
As the bank currently owns the property in question you will also want to make an ex parte motion at the same time to stay the bank's ability to transfer the property or other wise encumber or dispose of the property. This temporary injunction would be based on (1) a probability of success - at least on the motion, if not the case; (2) the relative low cost to the plaintiff bank; (3) the high cost to you - the real estate is a non-fungible asset; and (4) the fact that disposition of the property would cause "irreperable harm" - this is the key term.
Here is a comprehensive County Bar Association article on the procedure for making a motion to set aside, or vacate, a judgment. http://www.dcbabrief.org/vol190607art4.html
I hope the above is helpful, if you have any questions please do not hesitate to let me know and I will follow up quickly.
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