(735 ILCS 5/12-911)
(from Ch. 110, par. 12-911)
Sec. 12-911. Notice to judgment debtor. In case the value of the premises
is, in the opinion of the commissioners, more than $15,000, and
cannot be
divided as is provided for in Section 12-910 of this Act, they shall make
and sign an appraisal of the value thereof, and deliver the same to the
officer, who shall deliver a copy thereof to the judgment debtor, or to
some one of the family of the age of 13 years or upwards, with a
notice thereto attached that
unless the judgment debtor pays to such officer the surplus over and above
$15,000 on the amount due on the judgment within 60 days
thereafter, such
premises will be sold.
(Source: P.A. 94-293, eff. 1-1-06.)
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(735 ILCS 5/12-912)
(from Ch. 110, par. 12-912)
Sec. 12-912. Sale of premises - Distribution of proceeds. In case of such
surplus, or the amount due on the judgment is
not paid within the 60 days, the officer may advertise and sell the premises,
and out of the proceeds of such sale pay to such judgment debtor the sum
of $15,000, and apply the balance on the judgment.
(Source: P.A. 94-293, eff. 1-1-06.)
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