Travelers Insurance v. La Salle National Bank

Defendants, La Salle National Bank as trustee under a land trust agreement, Flodstrom Family Partnership, the trust beneficiary, and Sven Flodstrom and Majken Flodstrom, appeal from the trial court’s order denying defendants’ motion to reconsider the court’s previous order placing plaintiff, Travelers Insurance Company, as mortgagee in possession of defendants’ property. On appeal, defendants contend that they have established good cause why they should remain in possession and the trial court’s order placing plaintiff in possession disregarded the statutory requirements of section 15 —…