§ 5/15-1404 Judicial Foreclosure

Codes > Illinois Compiled Statutes > Chapter 735 > Act 5 : Article XV > Part 14 : 5/15-1404 Judicial

§ 15-1404. Judicial Foreclosure.

    Except as provided in subsection (d) of Section 15-1501, the interest in the mortgaged real estate of (i) all persons made a party in such foreclosure and (ii) all nonrecord claimants given notice in accordance with paragraph (2) of subsection (c) of Section 15-1502, shall be terminated by the judicial sale of the real estate, pursuant to a judgment of foreclosure, provided the sale is confirmed in accordance with this Article.