Mortgage Foreclosure

Summary: Trial court properly refused nunc pro tunc entry to correct in rem foreclosure judgment to be in personam as well. Thus, homeowners were entitled to the equitable relief...

 

Summary: In a mortgage foreclosure action, no appellate jurisdiction exists to review a challenge to non-final orders in the absence of applicable Supreme Court rules....

Mortgage Foreclosure

Financial Freedom v Kirgis, 377 Ill App 3d 107, 877 NE2d 24, 315 Ill Dec 537 (1st D 2007).

Summary: The two-year statute of...

Summary: Under the residential Mortgage License Act (205 ILCS 635/1-1), courts will not enforce a contract involving an unlicensed party where legislation, enacted for the purpose...

Summary: A party cannot circumvent a ruling by filing a new complaint that raises identical legal and factual issues as the original complaint.

 

Grant v. Bank...

Mortgage Foreclosure

Household Bank v Lewis, 2008 WL 2132467, 2008 Ill. LEXIS 324 (Ill 2008).

Summary: High bidder at mortgage foreclosure sale does...

by Karen G. Courtney, Managing Attorney, ATG Short Sale Coordination

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Summary: Although service by publication is allowed in actions affecting property, the process server must show diligent inquiry to locate and serve process before requesting to...

The Illinois Mortgage Foreclosure Law, 735 ILCS 5/15-1101 et seq., strikes a balance between the competing interests of the mortgagee, mortgagor, and those who bid on foreclosed properties...

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