LaSalle Bank National Association v. Cypress Creek 1

Docket No.109954. IN THE SUPREME COURT OF THE STATE OF ILLINOIS LaSALLE BANK NATIONAL ASSOCIATION, Appellant, v. CYPRESS CREEK 1, LP (Edon Construction et al., Appellees). Opinion filed February 25, 2011. JUSTICE GARMAN delivered the judgment of the court, with opinion. Chief Justice Kilbride and Justices Thomas, Karmeier, and Theis concurred in the judgment and opinion. Justice Freeman dissented, with opinion, joined by Justice Burke. OPINION The issue in this case is how to distribute foreclosure sale proceeds between a mortgagee and mechanics lien claimants when the mortgage predated the…