Subject Index Real Estate Law

On December 31, 1998, the Illinois Supreme Court disagreed with the appellate court when it held that the owner of record title who has no legal or equitable interest has no right to redeem, but affirmed the appellate court on different grounds.

On November 16, 1998, the Department of Central Management Services, the agency that leases or acquires property for all state agencies or authorities, enacted amendments and new provisions into section 5000 of its administrative rules. 44 Ill Adm Code 5000.

Two additional conditions must be met before the state can hold mortgage lenders liable for delinquent property taxes.