Members Equity Credit Union v. Duefel
Appellate Court of Illinois
1Opinion of the CourtJustice Homer
Members Equity Credit Union foreclosed on the junior mortgage it held on the residential property of Kevin and Cathy Duefel. At the time the judicial sale was confirmed, the trial court granted a motion filed by the successful bidder, Bill Martinson, requesting that the surplus from the judicial sale be distributed to him. Subsequently, the trial court modified the order of distribution to require Martinson to use the surplus to pay the first mortgage on the property which had not been adjudicated in this action. The Duefels appeal. Following our careful review, we reverse.
FACTS
Members Equity…
Also in this document: Concurrence.
2Cases cited5 opinions
- Grubert v. Cosmopolitan National BankAppellate Court of Illinois · 1995
- Kankakee Federal Savings & Loan Ass'n v. MuellerAppellate Court of Illinois · 1985
- Heritage Federal Credit Union v. GiampaAppellate Court of Illinois · 1993
- Central Republic Bank & Trust Co. v. BentAppellate Court of Illinois · 1935
- Community Savings & Loan Ass'n v. Cosmopolitan National BankAppellate Court of Illinois · 1966
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- JP Morgan Chase Bank, N.A. v. Bank of America, N.A.Appellate Court of Illinois · 2015
- MIDWEST BANK AND TRUST CO. v. US BankAppellate Court of Illinois · 2006
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