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CITICORP SAV. v. FIRST CHICAGO TRUST

No. 1-93-1960.

645 N.E.2d 1038 (1995)

269 Ill.App.3d 293

206 Ill.Dec. 786

CITICORP SAVINGS OF ILLINOIS, a Savings and Loan Association, Plaintiff-Appellee, v. FIRST CHICAGO TRUST COMPANY OF ILLINOIS as Trustee under Trust Agreement dated 10/7/91, Trust #R-011448, Leo Frontera, Rebecca Frontera, the Registrar of Titles of Cook County, Illinois, Unknown Owners and Nonrecord Claimants, Defendants-Appellees (Peter J. Bilanzic and Sharon D. Bilanzic, Petitioners-Appellants).

Appellate Court of Illinois, First District, Sixth Division.

January 20, 1995.

Attorney(s) appearing for the Case

Donald L. Johnson, Chicago, for appellants.

Egan & Trapp, Chicago (Robert A. Egan and James M. Scavo, of counsel), for appellee.

Justice ZWICK delivered the opinion of the court:1

Appellants, Peter and Sharon Bilanzic (the Bilanzics), were high bidders for residential property sold by the sheriff at a mortgage foreclosure sale. The property had been foreclosed by Citicorp Savings of Illinois (Citicorp), after its borrowers, Leo and Rebecca Frontera (the Fronteras), defaulted on their mortgage. The trial court refused to confirm the sale, finding Citicorp to have...

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