IL SB1355

Amends the Code of Civil Procedure to require notice of foreclosure confirmation orders be sent by first class mail to municipalities or counties where residential real estate is located, with designated addresses published on websites or posted in main offices.

If a municipality or county fails to publish a designated address, the confirmation order must be sent to the county board chairperson or clerk, city mayor or clerk, village board president or clerk, or town supervisor or clerk.

Requires a copy of the confirmation order for residential real estate foreclosures be sent by first class mail to the last-known property insurer, though failure to send or receive such notice does not impair the mortgagee's or purchaser's rights.

Provides that mortgagors of residential real estate have the right to remain in possession for 30 days after entry of a possession order, with this language required in 12-point boldface capitalized type in notices sent to mortgagors.

Establishes that minor errors in common address, location description, or plaintiff/title holder identification do not invalidate the notice of foreclosure's legal effect.