Legal Opinion
Mortgage Electronic Registration Systems, Inc. v. James O. Estrella and Laura Estrella, Cronus Projects, Llc, Intervenor-Appellant
Court of Appeals for the Seventh Circuit
Decided November 22, 2004No. 04-2078PublishedCited by 15 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Mortgage Electronic Registration Systems (MERS) filed this suit under the diversity jurisdiction to collect $306,000 owed by James and Laura Estrella on a note secured by a mortgage. The district court ordered the property sold and, applying Illinois law, appointed a Special Commissioner to conduct an auction. MERS told the Commissioner to act as its agent, opening at $245,000 and bidding increments of $1,000 up to the amount of the debt, if necessary to best any competition. The Commissioner did not follow those instructions, however, and knocked down the property…
2Cases cited8 opinions
- Navarro Savings Assn. v. LeeSupreme Court of the United States · 1980
- Coal Co. v. BlatchfordSupreme Court of the United States · 1871
- Indiana Gas Company, Inc. v. Home Insurance CompanyCourt of Appeals for the Seventh Circuit · 1998
- The Northern Trust Company, an Illinois Corporation v. Bunge Corporation, a New York CorporationCourt of Appeals for the Seventh Circuit · 1990
- Jaime H. Espinueva v. H. Lawrence Garrett, Iii, Secretary of the NavyCourt of Appeals for the Seventh Circuit · 1990
3 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Citimortgage, Inc. v. Shannon S. Barabas a/k/a Shannon Sheets Barabas, ReCasa Financial Group, LLC, and Rick A. SandersIndiana Supreme Court · 2012
- In re Application of the County TreasurerAppellate Court of Illinois · 2011
- Union County v. Merscorp, Inc.Court of Appeals for the Seventh Circuit · 2013
- In Re Application of County TreasurerAppellate Court of Illinois · 2011
- WIlliam Werner v. Auto-Owners Insurance CompanyCourt of Appeals for the Seventh Circuit · 2024
10 more not listed; retrieve them via the Exa API.