The location is not going to be important since 1031 is. federal statute practiced the same everywhere. 

The process for foreclosures under a Deed of Trust (D-T) Power of Sale (PoS) are covered in the NC General Statutes, specifically NCGS Chapter 45 Mortgages and Deeds of TrustFor property  tax sales, which are a little different (about 5 pages different) than the D-T power of sale process, see Chapter 105, specifically 105-374 Foreclosure of tax lien by action in nature of action to foreclose a mortgage.

Even more so if the gain exceeds the limits of sec 121.The answer is to actually combine the two statutes.  

Frequently, those attorneys will offer a "settlement" in the beginning in the range of the high-4 to low-5 figures to not drag you through court.If your building is more than 5 units, you're also subject to Illinois state statute on handling it.

For example, if you can show the debt was paid off and the lender simply failed to record a release or if you can show a statute of limitations has barred the enforcement of the debt as a lien on the property would be a basis for the suit but simply asking the court for relief because you didn't know the prior mtg was there when you bought the property and you can't sell or borrow against the property probably will not be sufficient to get the court to quiet the title and a good attorney probably wouldn't waste your money filing the suit.

I have posted a hundred times the statute in FL which makes it illegal to advertise properties unless owned or represented by a licensee, and the uneducated HATE this message.

Which makes it the lifelong lasting icing on the cake for an investor.Since 1031 is a federal statute it is practiced the same in all 50 states. 

So statute 704.19(3) says "at least 28 days.." which is where he gets 28 days.

Which Illinois statute indicates what you claim? 

What did the original post say. i would go by whatever was in your original source and use that to try to Google the appropriate statutes and then read what the statute actually says. i would also consider running it by a real estate attorney in the area.