Kankakee Federal Savings & Loan Ass'n v. Mueller

This is an appeal by Charles L. Mueller, Jr., and Sharon Mueller, mortgagors, from the circuit court’s order approving a sheriff’s report of sale, in this mortgage action. The court’s order approved the sheriff’s report of sale, wherein it was determined that Municipal Trust & Savings Bank, another defendant and holder of a junior mortgage on the mortgaged premises, was entitled to the surplus bid at the sheriff’s sale.

The issue on appeal is whether the defendant Muellers, as owners of the equity of redemption, were entitled to the surplus proceeds received by the sheriff at the sheriff’s…