Federal Savings & Loan Insurance v. Levy

The record in this case indicates that Second Federal Savings and Loan Association of Chicago held a mortgage on certain real estate in Cook County. This mortgage was assigned by Second Federal to Federal Savings and Loan Insurance Corporation, a United States corporation. Pri- or to such assignment, the owner of the property had failed to pay the 1962 real estate taxes on the lots. On January 17, 1964, the 1962 Judgment, and Sale, Forfeiture and Redemption Record were filed in the Cook County Circuit Court and an order was entered directing a sale of all delinquent property. The tax sale was…