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IN RE HEISERMAN

Bankruptcy No. 86-72078, Adv. No. 87-7063.

78 B.R. 899 (1987)

In re Glenn Richard HEISERMAN, Dorothy Marie Heiserman, Debtors. The FEDERAL LAND BANK OF ST. LOUIS, Plaintiff, v. Glenn Richard HEISERMAN, Dorothy Marie Heiserman, Kim Bunch, Brad Bunch, and Jeffrey C. Taylor, Trustee Defendants.

United States Bankruptcy Court, C.D. Illinois.

October 8, 1987.

Attorney(s) appearing for the Case

Gerald M. Burke, East St. Louis, Ill., for Federal Land Bank.

Robert G. Kirchner, Champaign, Ill., for debtors.

Jeffrey Taylor, Decatur, Ill., Trustee.

OPINION

LARRY LESSEN, Chief Judge.

The issue before the Court is whether under Illinois law a mortgagor has any interests or rights in property after a foreclosure sale and the expiration of the statutory redemption period.

On May 6, 1986, a judgment of foreclosure was entered on certain real estate owned by the Debtors, Glenn Richard Heiserman and Dorothy Marie Heiserman, in Shelby County, Illinois, by the Circuit Court of Shelby County. Pursuant...

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