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Updated about 9 years ago,
lis penses vs probate in Ilinois
I have a question regarding probate vs lis pendens. The property goes to the judicial sale (homeowner deceased, left balance on the mortgage) but looks like there is a probate involved as well (probate was recorded after lis pendens). what would happen if the 3rd party bidder other than a bank bid on the property and won at the auction ? are we talking about 2-3yrs battle in court or the probate would be wiped off the PIN just like any other lien ?