Illinois Housing Development Authority v. La Salle National Bank

On August 3, 1984, the circuit court of Du Page County entered a judgment of foreclosure against defendants, La Salle National Bank, as trustee under trust No. 44132, and Lisle Development Associates. The judgment included a finding that defendants had waived their right of redemption. Defendants appeal the judgment of foreclosure as to the finding of waiver of right of redemption.

Plaintiff, the Illinois Housing and Development Authority (IHDA), is a body politic and corporate with power “to make loans for the acquisition, construction and rehabilitation of housing, community facilities and…