LaSalle Bank National Ass'n v. Cypress Creek 1, LP
Illinois Supreme Court
1Opinion of the CourtJustice Garman
Chief Justice Kilbride and Justices Thomas, Karmeier, and Theis concurred in the judgment and opinion.
Justice Freeman dissented, with opinion, joined by Justice Burke.
Justice Freeman dissented upon denial of rehearing, with opinion, joined by Justice Burke.
OPINION
The issue in this case is how to distribute foreclosure sale proceeds between a mortgagee and mechanics lien claimants when the mortgage predated the liens, the foreclosure sale proceeds are insufficient to satisfy all claims, and the mortgagee has paid for several improvements to the property through construction loan disbursements…
2Cases cited18 opinions
- People v. WoodardIllinois Supreme Court · 1997
- People v. PerryIllinois Supreme Court · 2007
- Krohe v. City of BloomingtonIllinois Supreme Court · 2003
- Miller v. LockettIllinois Supreme Court · 1983
- E & E Hauling, Inc. v. Pollution Control BoardIllinois Supreme Court · 1985
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3Cited by22 opinions
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- Wells Fargo Bank, N.A. v. McCluskeyIllinois Supreme Court · 2013
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