Skidmore, Owings & Merrill v. Pathway Financial

PRESIDING JUSTICE STOUDER

delivered the opinion of the court:

This is a mortgage foreclosure action involving a dispute over priority of liens on real property commonly known as 9 Woodland Drive, Crete, Illinois (the premises). In the proceedings below, the circuit court of Will County held that with respect to the liens on the premises, the mortgage of Pathway Financial (Pathway) has priority over the trust deed of Skidmore, Owings and Merrill (Skidmore). Skidmore appeals from that interlocutory summary judgment.

On November 8, 1983, Philip and Rosemary Coman (the Comans) entered into a real…