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AURORA LOAN SERVICES, INC. v. CRADDIETH

No. 05-1858.

442 F.3d 1018 (2006)

AURORA LOAN SERVICES, INC., Plaintiff, v. Frank CRADDIETH and Peggy Craddieth, Defendants-Appellees. Appeal of: Midwest Real Estate Investment Company, Intervenor-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided March 31, 2006.

Attorney(s) appearing for the Case

Elizabeth K. Meyers, Fisher & Fisher, Chicago, IL, for Plaintiff.

Andrew R. Greene (argued), Sonnenschein, Nath & Rosenthal, Chicago, IL, for Defendants-Appellees.

Arthur W. Friedman (argued), Miller, Shakman & Hamilton, Chicago, IL, for Intervenor-Appellant.

Before POSNER, WILLIAMS, and SYKES, Circuit Judges.

POSNER, Circuit Judge.

This appeal by Midwest Real Estate Investment Company arises out of a diversity suit to foreclose a mortgage that Aurora, the plaintiff, owned on the Craddieths' home. The substantive issues are governed by Illinois law.

The suit was filed, and a foreclosure judgment entered, in 1999. But for reasons that are unclear, the foreclosure sale was not conducted until October 2004. Midwest was the high bidder, bidding $107,818.44. (The appraised...

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