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KRAMER v. EXCHANGE NATIONAL BANK OF CHICAGO

No. 84-2176.

139 Ill. App.3d 1093 (1985)

488 N.E.2d 568

SHARON KRAMER et al., Plaintiffs-Appellees, v. EXCHANGE NATIONAL BANK OF CHICAGO, Defendants-Appellants (La Salle National Bank, Trustee, Defendant).

Appellate Court of Illinois — First District (3rd Division).

Rehearing denied February 7, 1986.

Attorney(s) appearing for the Case

Schwartz, Cooper, Kolb & Gaynor, of Chicago (David P. Leibowitz, Franklin S. Schwerin, and Robert P. Handler, of counsel), for appellants.

William J. Harte, Ltd., of Chicago (William J. Harte, of counsel), for appellees.

Reversed and remanded.

JUSTICE McNAMARA delivered the opinion of the court:

As the result of Arnold and Sharon Kramer's default on a loan, Exchange National Bank acquired title to certain property at a nonjudicial sale where Exchange was the successful bidder. The note involved in the defaulted loan recited that it was specifically secured by property in New York and Illinois. Exchange brought a forcible entry...

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