ILCS » Chapter 735 · Act 5
Illinois Compiled Statutes

735 ILCS 5/15-1505 (2026)

Real Estate Subject to Senior Liens

✓ current as of May 2026
Find cases: SyfertCases citing this section IL-ILGAilga.gov JustiaChapter on Justia CornellLII Search CasesGoogle Scholar
(735 ILCS 5/15-1505) (from Ch. 110, par. 15-1505)
    Sec. 15-1505. Real Estate Subject to Senior Liens. During a foreclosure, and any time prior to sale, a mortgagee or any other lienor may pay (i) when due installments of principal, interest or other obligations in accordance with the terms of any senior mortgage, (ii) when due installments of real estate taxes or (iii) any other obligation authorized by the mortgage instrument. With court approval, a mortgagee or any other lienor may pay any other amounts in connection with other liens, encumbrances or interests reasonably necessary to preserve the status of title.
(Source: P.A. 84-1462.)

    
Notes of Decisions
Cited in 5 cases (1 in the last 5 years), 2014–2022 · leading case: Urban P'ship Bank v. Chicago Title Land & Trust Co., 2017 IL App (1st) 162086 (Ill. App. Ct. 2017).
Sort: Relevance Newest Treatment
Urban P'ship Bank v. Chicago Title Land & Trust Co., 2017 IL App (1st) 162086 (Ill. App. Ct. 2017). “See 735 ILCS 5/15-1505(e)(2), (3) (West 2014).”
BMO Harris Bank v. Wolverine Props., LLC, 2015 IL App (2d) 140921 (Ill. App. Ct. 2015). · cites it 2× “” 735 ILCS 5/15-1505 (West 2014). In its complaint for foreclosure, a plaintiff-mortgagee may request a judgment for attorney fees, costs, and expenses.”
Bank of Am., N.A. v. Higgin, 2014 IL App (2d) 131302 (Ill. App. Ct. 2014). “) 735 ILCS 5/15-1505 (West 2012). Defendants are also correct to rely on section 15-1512(b) of the Code, which allows distribution of “the reasonable expenses of securing possession before sale.”
Bank of Am., N.A. v. Higgin, 2014 IL App (2d) 131302 (Ill. App. Ct. 2014). “) 735 ILCS 5/15-1505 (West 2012). Defendants are also correct to rely on section 15-1512(b) of the Code, which allows distribution of “the reasonable expenses of securing possession before sale.”
United States v. Howard (C.D. Ill. 2022). “The reasonable expenses of securing possession before sale, holding, maintaining, and preparing the real estate for sale, including payment of taxes and other governmental charges, management fees, and to the extent provided for in the mortgage or other recorded agreement and…”
— 735 ILCS 5/15-1505(e)(2) — 1 case
Urban P'ship Bank v. Chicago Title Land & Trust Co., 2017 IL App (1st) 162086 (Ill. App. Ct. 2017). “See 735 ILCS 5/15-1505(e)(2), (3) (West 2014).”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.