House Sponsors: REITZ-HOFFMAN. Senate Sponsors: CRONIN Short description: CIV PRO-MORTGAGE-REDEMPTION Synopsis of Bill as introduced: Amends the Code of Civil Procedure. Provides that for real estate (rather than for residential real estate), the redemption period shall end on the date one month from the date of entry of a judgment of foreclosure (rather than the later of (i) the date 7 months from the date the mortgagor has been served with summons or by publication or has otherwise submitted to the jurisdiction of the court or (ii) the date 3 months from the date of entry of a judgment of foreclosure). Deletes provisions concerning the redemption period for real estate other than residential real estate. HOUSING AFFORDABILITY NOTE (Housing Development Authority) This bill will have no fiscal effect on the cost of construct- ing, purchasing, owning or selling a single-family residence. STATE MANDATES NOTE (Dept. of Commerce and Community Affairs) Does not create a State mandate. HOME RULE NOTE (Dept. of Commerce and Community Affairs) Does not preempt home rule authority. JUDICIAL NOTE (Administrative Office of Ill. Courts) The bill would neither decrease nor increase the number of judges needed in the State. FISCAL NOTE (Office of Banks and Real Estate) Creates no fiscal impact. HOUSE AMENDMENT NO. 1. Deletes all amendatory changes. Makes a stylistic change. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status