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UNITED STATES v. AMERICAN NAT. BANK, ETC.

No. 75 C 1514.

443 F.Supp. 167 (1977)

UNITED STATES of America, Plaintiff, v. AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Trustee under Trust No. 22 75624-001 and Salem Cross Associates, Curtis-Dodd Group Ltd., Richard Mook, Gordon J. Dicke, Lawrence J. Janota, Riverdale Bank, Calumet City Plumbing Co. and William B. Potts d/b/a B & S Decorating Service, Defendants.

United States District Court, N. D. Illinois, E. D.

November 17, 1977.

Attorney(s) appearing for the Case

Samuel K. Skinner, U. S. Atty., F. H. Branding, Asst. U. S. Atty., Chicago, Ill., of Counsel; Dennis S. Brinn, Dept. of Housing and Urban Development, Washington, D. C., for plaintiff.

John B. Simon and Dana H. Freyer, Friedman & Koven, Chicago, Ill., for Defendant Curtis-Dodd Group, Ltd. (All other defendants in default).

MEMORANDUM OPINION

MARSHALL, District Judge.

The United States has brought this action under 28 U.S.C. § 1345 on behalf of the Secretary of Housing and Urban Development (HUD) to foreclose a $3,019,600 mortgage on an apartment complex in Lansing, Illinois. Beneficial ownership of the property was originally vested in Salem-Cross Associates (SCA), a partnership, and its three general partners. SCA entered into a trust agreement on May 1, 1971 with American...

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