Illinois Petition To Sell Real Estate is a legal document used in the state of Illinois to initiate the sale of real estate. It is typically used when a property owner wants to sell their property, but they are unable to do so due to certain legal restrictions or because the actual owner of the property is unknown. The petition must be filed with the Circuit Court of the county in which the property is located. It must include information about the property, such as its legal description, the current owners, and the proposed sale price. The petition must also provide a detailed description of the reasons why the sale must be authorized. The most common types of Illinois Petition To Sell Real Estate are petitions for tax sales, petitions for guardianship sales, and petitions for foreclosure sales. In a tax sale, the petition is filed when a property owner has failed to pay their taxes, and the county or municipality must sell the property to recover the unpaid taxes. In a guardianship sale, the petition is filed when a guardian needs to sell a property on behalf of a minor or other incapacitated person. Finally, in a foreclosure sale, the petition is filed when a lender seeks to sell a property due to a borrower's failure to repay their mortgage.
Illinois Petition To Sell Real Estate
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How to fill out Illinois Petition To Sell Real Estate?
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