ILCS » Chapter 765 · Act 940
Illinois Compiled Statutes

765 ILCS 940/25 (2026)

Distressed property conveyance contract

✓ current as of May 2026
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(765 ILCS 940/25)
    Sec. 25. Distressed property conveyance contract. A distressed property purchaser shall enter into every distressed property conveyance in the form of a written contract. Every distressed property conveyance contract must be written in letters of a size equal to at least 12-point boldface type, in the same language principally used by the owner of the distressed property to negotiate the sale of the distressed property, must be fully completed, signed, and dated by the owner of the distressed property and the distressed property purchaser, and must be witnessed and acknowledged by a notary public, before the execution of any instrument of conveyance of the distressed property.
(Source: P.A. 94-822, eff. 1-1-07.)

    
Notes of Decisions
Cited in 2 cases, 2009–2009 · leading case: A.P. Props., Inc. v. Ezra Chaim Props., LLC, 914 N.E.2d 1158 (Ill. App. Ct. 2009).
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A.P. Props., Inc. v. Ezra Chaim Props., LLC, 914 N.E.2d 1158 (Ill. App. Ct. 2009). “See 765 ILCS 940/25 (West 2008) (“Every distressed property conveyance contract must be *** witnessed and acknowledged by a notary public”); 765 ILCS 940/ 50(b)(2), (b)(6)(A) (West 2008) (“A distressed property purchaser, in the course of a distressed property conveyance, shall…”
In Re Cnty. Treasurer, 914 N.E.2d 1158 (Ill. App. Ct. 2009). “See 765 ILCS 940/25 (West 2008) ("Every distressed property conveyance *1169 contract must be * * * witnessed and acknowledged by a notary public"); 765 ILCS 940/50(b)(2), (b)(6)(A) (West 2008) ("A distressed property purchaser, in the course of a distressed property conveyance,…”
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