35 ILCS 200/21-240
2021 Illinois Compiled Statutes|Chapter 35 - REVENUE|35 ILCS 200/ - Property Tax Code.|Title 7 - Tax Collection

Sec. 21-240.         Payment for property purchased at tax sale; reoffering for  sale.  Except as otherwise provided below, the person purchasing any property,  or any part thereof, shall be liable to the county for the amount due and shall  forthwith pay to the county collector the amount charged on the property.  Upon  failure to do so, the amount due shall be recoverable in a civil action brought  in the name of the People of the State of Illinois in any court of competent  jurisdiction.  The person so purchasing shall be relieved of liability only by  payment of the amount due together with interest and costs thereon, or if the  property is reoffered at the sale, purchased and paid for.  Reoffering of the  property for sale shall be at the discretion of the collector. The sale shall  not be closed until payment is made or the property again offered for sale. In  counties with 3,000,000 or more inhabitants, only the taxes, special  assessments, interest and costs as advertised in the sale shall be required to  be paid forthwith. The general taxes charged on the land remaining due and  unpaid, including amounts subject to certificates of error, not included in the  advertisement, shall be paid by the purchaser within 10 days after the sale,  except that upon payment of the fee provided by law to the County Clerk (which  fee shall be deemed part of the costs of sale) the purchaser may make written  application, within the 10 day period, to the county clerk for a statement of  all taxes, interest and costs due and an estimate of the cost of redemption of  all forfeited general taxes, which were not included in the advertisement.  After obtaining such statement and estimate and an order on the county  collector to receive the amount of forfeited general taxes, if any, the  purchaser shall pay to the county collector all the remaining taxes, interest  and costs, and the amount necessary to redeem the forfeited general taxes.  The  county collector shall issue the purchaser a receipt therefor. Any delay in  providing the statement or in accepting payment, and delivering receipt  therefor, shall not be counted as a part of the 10 days. When the receipt of  the collector is issued, a copy shall be filed with the county clerk and the  county clerk shall include the amount shown in such receipt in the amount of  the purchase price of the property in the certificate of purchase. The  purchaser then shall be entitled to a certificate of purchase. If a purchaser  fails to complete his or her purchase as provided in this Section, the purchase  shall become void, and be of no effect, but the collector shall not refund the  amount paid in cash at the time of the sale, except in cases of sale in error.  That amount shall be treated as a payment and distributed to the taxing bodies  as other collections are distributed. The lien for taxes for the amount paid  shall remain on the property, in favor of the purchaser, his or her heirs or  assigns, until paid with 5% interest per year on that amount from the date the  purchaser paid it. The amount and fact of such ineffective purchase shall be  entered in the tax judgment, sale, redemption and forfeiture record opposite  the property upon which the lien remains. No redemption shall be made without  payment of this amount for the benefit of the purchaser, and no future sale of  the property shall be made except subject to the lien of such purchaser. This  section shall not apply to any purchase by any city, village or incorporated  town in default of other bidders at any sale for delinquent special  assessments.    (Source: P.A. 84-1308; 88-455.)