Illinois Compiled Statutes 735 ILCS 5/12-119 – Certificate
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes 735 ILCS 5/12-119
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
When any real estate is sold by virtue of a judgment, or enforcement of mechanic’s lien, or vendor’s lien, or for the payment of money, the sheriff or other officer, except as otherwise provided in Part 1 of Article XII of this Act, instead of executing a deed for the premises sold, shall give to the purchaser a certificate describing the premises purchased by him or her, showing the amount paid therefor, or if purchased by the judgment creditor, the amount of his or her bid, and the time when the purchaser will be entitled to a deed unless the premises are redeemed, as provided in Part 1 of Article XII of this Act.