15-1509.Transfer of Title and Title Acquired.

Once the sale is confirmed and the purchaser pays the full purchase price and any other required amounts, the court -- or, if the court so orders, the person who conducted the sale, a successor, or someone specifically appointed for the purpose -- must promptly execute a deed to the certificate holder or purchaser, identifying the court and case that authorized it. The signature and the deed's recital of authority, of the judgment's authorization, and of notices given under this Article, are themselves sufficient proof of those facts, though the deed carries no covenant from the person who signs it. Delivering that deed, even to a purchaser who was itself a party to the case, is enough to pass title.

Timing matters for anyone who buys from the initial grantee quickly. If the deed issues before the period to appeal the confirmation order expires, and the grantee then conveys to someone else within that same period, that new buyer isn't treated as a bona fide purchaser unless and until the appeal period runs out without an appeal, or any appeal that was filed is denied or withdrawn.

Vesting title by a consent foreclosure judgment under Section 15-1402, or by the deed described here, bars every claim of the parties to the foreclosure and every noticed nonrecord claimant under Section 15-1502(c)(2) -- unless the judgment itself specifies otherwise -- notwithstanding the general relief-from-judgment provision in Section 2-1301(g). Anyone seeking relief under that general provision can claim only an interest in the sale proceeds, not the real estate itself.