(735 ILCS 5/12-137) (from Ch. 110, par. 12-137)
Sec. 12-137.
Subsequent redemptions.
Any redemption made under Sections
12-132 through 12-136 of this
Act, by any judgment creditor, his or her heirs, executors,
administrators or assigns after the expiration of 3 months and within 6
months after the original sale, is subject to subsequent redemption
within 6 months after the date of the original sale by any defendant,
his or her heirs, executors, administrators, assigns, or any person interested
in the premises through or under the defendant, in the manner provided
in this Section.
In the event there is a redemption by any defendant, his or her heirs,
executors, administrators, assigns, or any person interested in the
premises through or under the defendant, in accordance with Section 12-122
or this Section 12-137,
the right to further redemption by any judgment creditor, his or her heirs,
executors, administrators or assigns, is terminated, notwithstanding any
other provisions of this Act. Any such defendant, his or her heirs, executors,
administrators, assigns, or any person interested in the premises
through or under the defendant, having a right to redeem, may redeem by
paying to the sheriff or other proper officer the amount at which the
premises were last redeemed by the judgment creditor, his or her heirs,
executors, administrators or assigns, with interest thereon at the rate
of 10% per annum, from the date of the last redemption; however, if the
premises were sold pursuant to such last redemption for an amount
greater than the redemption money, interest and costs, then the amount
payable shall be the amount for which the premises were sold, together
with interest on that amount at the rate of 10% per annum from the time
of such sale, and costs of sale.
(Source: P.A. 84-1462.)
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