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MID-AMERICA FEDERAL SAV. AND LOAN ASS'N v. LIBERTY BANK

No. 2-89-1355.

562 N.E.2d 1188 (1990)

204 Ill. App.3d 995

150 Ill.Dec. 385

MID-AMERICA FEDERAL SAVINGS AND LOAN ASSOCIATION, Plaintiff and Counterdefendant-Appellant, v. LIBERTY BANK, Defendant and Counterplaintiff-Appellee William J. Callahan, et al., Defendants and Counter-plaintiffs; West Suburban Bank, Defendant.

Appellate Court of Illinois, Second District.

October 31, 1990.

Attorney(s) appearing for the Case

Patrick J. Williams, Connolly, Ekl & Williams, P.C., Clarendon Hills, for Mid-America Fed. Sav. & Loan.

Richard L. Lucas, William E. Hale, Richard L. Lucas & Associates, Ltd., Addison, Arnstein & Zeller, Skokie, Guerard, Kalina, Musial, Ulrich & Varchetto, Wheaton, for Liberty Bank.

Justice DUNN delivered the opinion of the court:

Liberty Bank (Liberty), a junior lienholder of a property in Du Page County, defaulted in a foreclosure action brought by the senior lienholder, La Salle Bank of Lisle (La Salle). As a result, a junior lienholder in third position behind Liberty who did not default, Mid-America Federal Savings and Loan Association (Mid-America), moved up to second position. Following a sheriff's sale where the property was purchased...

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