MORTG. ELECTRONIC REGISTRATION v. THOMPSON

No. 1-05-2720.

859 N.E.2d 621 (2006)

307 Ill.Dec. 332

MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., Plaintiff-Appellee, v. Jerry THOMPSON and Mary Thompson, Defendants (Cronus Projects, LLC, Intervenor-Appellant).

Appellate Court of Illinois, First District, Sixth Division.

November 3, 2006.


Attorney(s) appearing for the Case

Stephen Richek, Chicago, for Appellant.

Kropik, Papuga & Shaw, Kenneth K. Shaw Jr., Stanley Papuga, John F. McCabe, Chicago, for Appellee.


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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