The borrower has 90 days after the date of judgment to redeem the property. In order to redeem, you must pay all amounts due and owing to the bank. A sale on the property cannot take place until after the redemption period. After the redemption period has expired and proper notice has been given by the bank, the property can be sold. This is usually done by the Sheriff.
For your reference, the statute governing the post-judgment foreclosure process is 735 ILCS 5/12-1508.
Contact Will County & DuPage Foreclosure Attorney Kevin O'Flaherty
Please feel free to call or e-mail me with any questions, or to schedule a free consultation:
Kevin O'Flaherty | (630)324-6666 | firstname.lastname@example.org