Legal Opinion
First Federal Savings & Loan Ass'n v. Faubion
Appellate Court of Illinois
Decided February 28, 1985No. 84-774PublishedCited by 5 opinions
1Opinion of the Court
PRESIDING JUSTICE JIGANTI
delivered the opinion of the court:
In this action the plaintiff, First Federal Savings & Loan Association of Chicago (First Federal) lent the defendants, Royal Faubion and Borg-Warner Equities Corporation, on two separate occasions in 1980, a total of $480,000. Both loans were secured by real estate located in a subdivision known as Richton Crossing in Cook County. On June 24, 1983, First Federal filed a complaint for foreclosure and sale as a result of the defendants’ default on their loans. Over $465,000 of the original $480,000 loaned was still due. The defendants…
2Cases cited5 opinions
- Kelly v. KosugaSupreme Court of the United States · 1959
- Bruce's Juices, Inc. v. American Can Co.Supreme Court of the United States · 1947
- Baker v. Loves Park Savings & Loan Ass'nIllinois Supreme Court · 1975
- The Vendo Co. v. StonerAppellate Court of Illinois · 1969
- Corn Products Refining Co. v. Oriental Candy Co.Appellate Court of Illinois · 1912
3Cited by5 opinions
- Klehm v. Grecian Chalet, Ltd.Appellate Court of Illinois · 1987
- Local 165, International Brotherhood of Electrical Workers v. BradleyAppellate Court of Illinois · 1986
- State Bank of Geneva v. SorensonAppellate Court of Illinois · 1988
- Northern Trust Co. v. HalasAppellate Court of Illinois · 1993
- Guaranty Federal Savings & Loan Ass'n v. American National Bank & Trust Co. of ChicagoAppellate Court of Illinois · 1987