Chemical Bank v. American National Bank & Trust Co.

Defendant, CenTrust Trust (hereinafter CenTrust), appeals from a judgment and decree of foreclosure entered by the circuit court of Cook County on May 8, 1987, and from orders entered by the court on July 24, 1987, and October 29, 1987, respectively, denying CenTrust’s motion to vacate or modify the judgment and decree of foreclosure and confirming the foreclosure sale. CenTrust maintains that plaintiff, Chemical Bank, was equitably estopped from asserting the priority of its mortgage liens in the mortgage foreclosure action. CenTrust also maintains that the circuit court erred in confirming…