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U.S. v. AMERICAN NAT. BANK AND TRUST CO. OF CHICAGO

No. 83 C 2447.

573 F.Supp. 1317 (1983)

UNITED STATES of America, Plaintiff, v. AMERICAN NATIONAL BANK AND TRUST CO. OF CHICAGO, as Trustee under Trust No. 25919; Beneficiaries of American National Bank and Trust Company, Trust No. 25919; Sack Realty, Defendants.

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

September 12, 1983.

Attorney(s) appearing for the Case

Mary Anne Mason, Asst. U.S. Atty., Chicago, Ill., for plaintiff.

John K. Kallman, Ann E. Merryfield, Rudnick & Wolfe, Chicago, Ill., for defendants.

MEMORANDUM OPINION

PRENTICE H. MARSHALL, District Judge.

In this mortgage foreclosure suit, the United States has moved for immediate possession of the mortgaged property or in the alternative, for appointment of a receiver to take possession pending the outcome of this litigation. The Secretary of Housing and Urban Development is the lawful holder of the mortgage executed by mortgagor American National Bank, the trustee of the property. The beneficial owners...

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