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Does Illinois law permit a purchaser of abandoned real property to take title free of any party’s redemption rights? – IBA Compliance Connection

IBA Compliance Connection

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Does Illinois law permit a purchaser of abandoned real property to take title free of any party’s redemption rights?

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Illinois law only provides for a shortened redemption period for abandoned properties; the redemption period expires thirty days after the judgment of foreclosure (rather than three months). 735 ILCS 5/15-1603(b)(4).