(Text of Section before amendment by P.A.
146 words·~1 min read·
/il/chapter-735/act-5/text-of-section-before-amendment-by-p-a-9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.
(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.