(735 ILCS 5/12-909) (from Ch. 110, par. 12-909) (Text of Section before amendment by P.A. 104-120) Sec. 12-909. Bid for less than exempted amount. No sale shall be made
of the premises on such judgment
unless a greater sum than $15,000 is bid therefor. If a
greater sum is not so bid, the judgment may be set aside or modified, or
the enforcement of the judgment released, as for lack of property.(Source: P.A. 94-293, eff. 1-1-06.) (Text of Section after amendment by P.A. 104-120) Sec. 12-909. Bid for less than exempted amount. No sale shall be made of the premises on such judgment unless a greater sum than $50,000 for premises owned by an individual owner or $100,000 for premises owned by 2 or more individual owners is bid therefor. If a greater sum is not so bid, the judgment may be set aside or modified, or the enforcement of the judgment released, as for lack of property.(Source: P.A. 104-120, eff. 1-1-26.) |