Bell Federal Savings & Loan Ass'n v. Bank of Ravenswood

The appellant, Korea Exchange Bank, appeals from the circuit court’s order denying its section 2 — 1401 (Ill. Rev. Stat. 1985, ch. 110, par. 2 — 1401) petition to vacate the judgment of foreclosure previously entered therein. The appellee, Bank of Ravenswood, has filed a motion to dismiss the appeal, claiming that this court lacks jurisdiction because of the appellant’s failure to file a timely notice of appeal. We ordered the motion to dismiss to be taken with the case and directed the parties to brief the jurisdictional issue. The pertinent facts follow.

Kyung Wha Chi and Choon Ja Chi,…