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NAB BANK v. LaSALLE BANK, N.A.

Docket No. 1-12-1147.

984 N.E.2d 154 (2013)

2013 IL App (1st) 121147

368 Ill. Dec. 429

NAB BANK, an Illinois Chartered Banking Institution, Plaintiff, v. LaSALLE BANK, N.A., as Successor Trustee to American National Bank and Trust Company of Chicago, et al., Defendants (Edward G. Tom and Deborah A. Tom, Counterplaintiffs-Appellees; Wilson Moy, Counterdefendant-Appellant).

Appellate Court of Illinois, First District, First Division.

January 22, 2013.

Attorney(s) appearing for the Case

Horwood Marcus & Berk Chtrd., of Chicago ( Jeffrey H. Bunn , of counsel), for appellant.

Tressler LLP, of Chicago ( John P. Maniatis , Charmagne Topacio , and Elizabeth Z. Mathieson , of counsel), for appellees.

OPINION

Justice DELORT delivered the judgment of the court, with opinion:

¶ 1 BACKGROUND

¶ 2 This case involves a dispute about the sale price generated at a forced judicial sale of an undivided half-interest in a parcel of real estate. It illustrates the high burden judgment debtors face when trying to overturn such sales because the sale price was too low or the sale was unjust. Fundamental principles of economics and real estate valuation...

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