Justice O'MALLEY delivered the opinion of the court:
Plaintiff, Mortgage Electronic Registration Systems, filed a complaint for mortgage foreclosure against defendants, Jerry and Mary Thompson, following a default judgment. Intervenor, Cronus Projects, LLC, was the high bidder for the mortgaged property at a subsequent judicial sale. After the judicial sale, but prior to the confirmation, defendants sold the property to a third party after receiving a payoff letter...
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