Public Act 100-0685
 
HB5176 EnrolledLRB100 19318 HLH 34584 b

    AN ACT concerning revenue.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Code of Civil Procedure is amended by
changing Section 15-1507 as follows:
 
    (735 ILCS 5/15-1507)  (from Ch. 110, par. 15-1507)
    Sec. 15-1507. Judicial Sale.
    (a) In General. Except as provided in Sections 15-1402 and
15-1403, upon entry of a judgment of foreclosure, the real
estate which is the subject of the judgment shall be sold at a
judicial sale in accordance with this Section 15-1507.
    (b) Sale Procedures. Upon expiration of the reinstatement
period and the redemption period in accordance with subsection
(b) or (c) of Section 15-1603 or upon the entry of a judgment
of foreclosure after the waiver of all rights of redemption,
except as provided in subsection (g) of Section 15-1506, the
real estate shall be sold at a sale as provided in this
Article, on such terms and conditions as shall be specified by
the court in the judgment of foreclosure. A sale may be
conducted by any judge or sheriff.
    (c) Notice of Sale. The mortgagee, or such other party
designated by the court, in a foreclosure under this Article
shall give public notice of the sale as follows:
        (1) The notice of sale shall include at least the
    following information, but an immaterial error in the
    information shall not invalidate the legal effect of the
    notice:
            (A) the name, address and telephone number of the
        person to contact for information regarding the real
        estate;
            (B) the common address and other common
        description (other than legal description), if any, of
        the real estate;
            (C) a legal description of the real estate
        sufficient to identify it with reasonable certainty;
            (D) a description of the improvements on the real
        estate;
            (E) the times specified in the judgment, if any,
        when the real estate may be inspected prior to sale;
            (F) the time and place of the sale;
            (G) the terms of the sale;
            (H) the case title, case number and the court in
        which the foreclosure was filed;
            (H-1) in the case of a condominium unit to which
        subsection (g) of Section 9 of the Condominium Property
        Act applies, the statement required by subdivision
        (g)(5) of Section 9 of the Condominium Property Act;
            (H-2) in the case of a unit of a common interest
        community to which subsection (g-1) of Section 18.5 of
        the Condominium Property Act applies, the statement
        required by subdivision (g-1) of Section 18.5 of the
        Condominium Property Act; and
            (I) such other information ordered by the Court.
        (2) The notice of sale shall be published at least 3
    consecutive calendar weeks (Sunday through Saturday), once
    in each week, the first such notice to be published not
    more than 45 days prior to the sale, the last such notice
    to be published not less than 7 days prior to the sale, by:
    (i) (A) advertisements in a newspaper circulated to the
    general public in the county in which the real estate is
    located, in the section of that newspaper where legal
    notices are commonly placed and (B) separate
    advertisements in the section of such a newspaper, which
    (except in counties with a population in excess of
    3,000,000) may be the same newspaper, in which real estate
    other than real estate being sold as part of legal
    proceedings is commonly advertised to the general public;
    provided, that the separate advertisements in the real
    estate section need not include a legal description and
    that where both advertisements could be published in the
    same newspaper and that newspaper does not have separate
    legal notices and real estate advertisement sections, a
    single advertisement with the legal description shall be
    sufficient; in counties with a population of more than
    3,000,000, the notice required by this item (B) shall be
    published in a newspaper different from the newspaper that
    publishes the notice required by item (A), and the
    newspaper in which the notice required by this item (B) is
    published shall be a newspaper published in the township in
    which the real estate is located; and (ii) such other
    publications as may be further ordered by the court.
        (3) The party who gives notice of public sale in
    accordance with subsection (c) of Section 15-1507 shall
    also give notice to all parties in the action who have
    appeared and have not theretofore been found by the court
    to be in default for failure to plead. Such notice shall be
    given in the manner provided in the applicable rules of
    court for service of papers other than process and
    complaint, not more than 45 days nor less than 7 days prior
    to the day of sale. After notice is given as required in
    this Section a copy thereof shall be filed in the office of
    the clerk of the court entering the judgment, together with
    a certificate of counsel or other proof that notice has
    been served in compliance with this Section.
        (4) The party who gives notice of public sale in
    accordance with subsection (c) of Section 15-1507 shall
    again give notice in accordance with that Section of any
    adjourned sale; provided, however, that if the adjourned
    sale is to occur less than 60 days after the last scheduled
    sale, notice of any adjourned sale need not be given
    pursuant to this Section. In the event of adjournment, the
    person conducting the sale shall, upon adjournment,
    announce the date, time and place upon which the adjourned
    sale shall be held. Notwithstanding any language to the
    contrary, for any adjourned sale that is to be conducted
    more than 60 days after the date on which it was to first
    be held, the party giving notice of such sale shall again
    give notice in accordance with this Section.
        (5) Notice of the sale may be given prior to the
    expiration of any reinstatement period or redemption
    period.
        (6) No other notice by publication or posting shall be
    necessary unless required by order or rule of the court.
        (7) The person named in the notice of sale to be
    contacted for information about the real estate may, but
    shall not be required, to provide additional information
    other than that set forth in the notice of sale.
    (d) Election of Property. If the real estate which is the
subject of a judgment of foreclosure is susceptible of
division, the court may order it to be sold as necessary to
satisfy the judgment. The court shall determine which real
estate shall be sold, and the court may determine the order in
which separate tracts may be sold.
    (e) Receipt upon Sale. Upon and at the sale of mortgaged
real estate, the person conducting the sale shall give to the
purchaser a receipt of sale. The receipt shall describe the
real estate purchased and shall show the amount bid, the amount
paid, the total amount paid to date and the amount still to be
paid therefor. An additional receipt shall be given at the time
of each subsequent payment.
    (f) Certificate of Sale. Upon payment in full of the amount
bid, the person conducting the sale shall issue, in duplicate,
and give to the purchaser a Certificate of Sale. The
Certificate of Sale shall be in a recordable form, describe the
real estate purchased, indicate the date and place of sale and
show the amount paid therefor. The Certificate of Sale shall
further indicate that it is subject to confirmation by the
court. The duplicate certificate may be recorded in accordance
with Section 12-121. The Certificate of Sale shall be freely
assignable by endorsement thereon.
    (g) Interest after Sale. Any bid at sale shall be deemed to
include, without the necessity of a court order, interest at
the statutory judgment rate on any unpaid portion of the sale
price from the date of sale to the date of payment.
(Source: P.A. 96-1045, eff. 7-14-10.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.