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735 ILCS 5/ 12-909
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§ 12-909 Bid for less than exempted amount
Article XII: Judgments - Enforcement
Part 9: Exemption of Homestead
Rule Text
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. .)
Amendment history: (from Ch. 110, par. 12-909) (Source: P.A. 104-120, eff. 1-1-26