Wolfe v. Illini Federal Savings & Loan Ass'n

Plaintiffs, R. W. Wolfe and William Wolfe, individually and doing business as R & W Wolfe Construction, and Deborah Wolfe and Opal Wolfe, commenced this five-count action against defendants Illini Federal Savings and Loan Association (Illini) and Ray Kaegel in his capacity as receiver, for damages to real estate owned by plaintiffs while the realty was in Kaegel’s charge. The circuit court granted judgment to defendants as to all counts, and plaintiffs appeal.

Plaintiffs’ complaint alleged the following facts: Plaintiffs owned real property improved with a residential structure which was the…