First Federal Savings & Loan Ass'n v. Pogue

Priority between judgment creditors to the proceeds of sale following foreclosure of a condominium unit mortgage is in issue in this appeal.

The Citizens National Bank of Downers Grove (Downers Grove) claims priority under an assignment of beneficial interest in a land trust holding title to the subject property executed by the defendants, John M. Pogue and Betty M. Pogue, his wife, in December 1974. It alleges that the assignment stood as security for loans made to Dixie Mining Co., of which John M. Pogue was president, later reduced to judgment by confession in December of 1976 in the amount…