Centerpoint Properties Trust v. Olde Prairie Block Owner, LLC

Defendant, Olde Prairie Block Owner, LLC (OPBO), appeals from an order of the trial court denying its motion to stay enforcement of the court’s previous order appointing a receiver in the mortgage foreclosure proceeding brought by plaintiff, CenterPoint Properties Trust (CPPT). On appeal, defendant contends that it has established good cause why it should remain in possession of the property pursuant to section 15 — 1701(b)(2) of the Illinois Mortgage Foreclosure Law (the Act) (735 ILCS 5/15 — 1701(b)(2) (West 2004)) and that the trial court erred in refusing to hold an evidentiary hearing…