Legal Opinion

Aurora Loan Services, Inc. v. Frank Craddieth and Peggy Craddieth, Appeal Of: Midwest Real Estate Investment Company, Intervenor-Appellant

Court of Appeals for the Seventh Circuit

Decided March 31, 2006No. 05-1858PublishedCited by 91 opinions

1Opinion of the Court

POSNER, Circuit Judge.

This appeal by Midwest Real Estate Investment Company arises out of a diversity suit to foreclose a mortgage that Aurora, the plaintiff, had on the Craddieths’ home. The substantive issues are governed by Illinois law.

The suit was filed, and a foreclosure judgment entered, in 1999. But for reasons that are unclear, the foreclosure sale was not conducted until October 2004. Midwest was the high bidder, bidding $107,818.44. (The appraised value of the property was $170,000.) However, two or three weeks before the sale the Craddieths had obtained alternative financing that…

2Cases cited43 opinions

  1. Lujan v. Defenders of WildlifeSupreme Court of the United States · 1992
  2. Arizonans for Official English v. ArizonaSupreme Court of the United States · 1997
  3. Raines v. ByrdSupreme Court of the United States · 1997
  4. Diamond v. CharlesSupreme Court of the United States · 1986
  5. Freeport-McMoRan Inc. v. K N Energy, Inc.Supreme Court of the United States · 1991

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3Cited by91 opinions

  1. PTA-FLA, Inc. v. ZTE USA, Inc.Court of Appeals for the Eleventh Circuit · 2016
  2. Bond v. UtrerasCourt of Appeals for the Seventh Circuit · 2009
  3. Mainstreet Organization of Realtors v. Calumet CityCourt of Appeals for the Seventh Circuit · 2007
  4. Karsner v. LothianCourt of Appeals for the D.C. Circuit · 2008
  5. Siaca v. DCC Operating, Inc.Court of Appeals for the First Circuit · 2007

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