735 ILCS 5/15-1507
2021 Illinois Compiled Statutes|Chapter 735 - CIVIL PROCEDURE|735 ILCS 5/ - Code of Civil Procedure.|Article XV - Mortgage Foreclosure

 (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. 100-685, eff. 8-3-18.)