LaSalle Bank v. Ferone

In this mortgage foreclosure action, defendant, Catherine Ferone, appeals the judgment of the circuit court of Du Page County, granting summary judgment in favor of plaintiff, LaSalle Bank, as to her affirmative defense. On appeal, defendant contends that the trial court erred in finding that (1) plaintiff was a bona fide mortgagee for value because plaintiff did not have actual or constructive notice of defendant’s interest in the subject property or of the fraud that defendant Marc J. Biagini perpetrated on defendant; and (2) Biagini’s fraud was fraud in the inducement rather than fraud in…