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PSL REALTY CO. v. GRANITE INVESTMENT CO.

No. 52598.

86 Ill.2d 291 (1981)

427 N.E.2d 563

PSL REALTY COMPANY et al., Appellants, v. GRANITE INVESTMENT COMPANY et al., Appellees (Federal Savings and Loan Insurance Corporation, Appellant).

Supreme Court of Illinois.

Opinion filed September 30, 1981.

Attorney(s) appearing for the Case

W. Stanley Walch, Robert H. Brownlee, and Mary K. Bennett, of Thompson & Mitchell, of St. Louis, Missouri, and James H. Bandy of Listeman, Bandy & Hamilton, of Belleville, for appellants Illini Federal Savings & Loan Association and PSL Realty.

Robert W. Patterson and William J. McKenna, of Hopkins, Sutter, Mulroy, Davis & Cromartie, of Chicago, for appellant Federal Savings & Loan Insurance Corporation.

Rex Carr and David J. Letvin, of Cohn, Carr, Korein, Kunin, Schlitchter & Brennan, of East St. Louis, for appellees.

Affirmed in part and reversed in part; cause remanded.

MR. JUSTICE RYAN delivered the opinion of the court:

The complexity of the factual picture surrounding this litigation makes it extremely difficult to succinctly state the nature of the case and its issues. Broadly stated, this case involves the issuance of an injunction by the appellate court of this State enjoining the holder of certain notes and mortgages on real estate from proceeding with a foreclosure...

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