Continental Bank of Buffalo Grove, N.A. v. Krebs

Defendant, Sun Bank/South Florida, appeals from an order of the circuit court of Lake County which granted summary judgment in favor of plaintiff, Continental Bank of Buffalo Grove, and denied defendant’s own motion for summary judgment. On appeal, defendant contends that (1) the trial court erred in applying Florida law to determine whether plaintiff perfected a security interest in a vehicle, and (2) due to plaintiff’s failure to perfect a security interest in the vehicle, defendant was entitled to the proceeds from the sale of that vehicle.

We briefly summarize the pertinent facts which are…