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METFIRST FINANCIAL CO. v. PRICE

No. 92-1531.

991 F.2d 414 (1993)

METFIRST FINANCIAL COMPANY, Plaintiff-Appellee, v. Clifford R. PRICE, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided April 15, 1993.

Attorney(s) appearing for the Case

Martha E. Tjossem, James P. Mullally, Michael Simkin, Richard Oronow, Shapiro & Kreisman, Deerfield, IL, Rosemary B. Kopriva, Mariclare O'Connor, Elizabeth Sewruk, Shapiro & Kreisman, Northbrook, IL, for plaintiff-appellee.

Rodney H. Brooks, Russell C. Green, Alexander, Fennerty & Green, Chicago, IL, for defendant-appellant.

Before POSNER and KANNE, Circuit Judges, and FAIRCHILD, Senior Circuit Judge.

POSNER, Circuit Judge.

This diversity suit to foreclose a mortgage raises an important interpretive question—on which, surprisingly, there appear to be no published cases — concerning the Illinois statute governing foreclosure sales.

The plaintiff, Metfirst, holder of a mortgage on the house of the defendant, Price, obtained a judgment of foreclosure pursuant to which it sold the house on December 11, 1992. Metfirst had previously scheduled,...

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