Centerpoint Porperties Trust v. Olde Prairie Block Owner, LLC

Illinois Appellate Court
Civil Court
Mortgage Foreclosure
Receivers
Citation
Case Number: 
No. 1-09-1481
Decision Date: 
Wednesday, February 10, 2010
District: 
1st Dist.
Division/County: 
Cook Co.
Holding: 
Affirmed.
Justice: 
QUINN
Evidentiary hearing not required before appointing receiver in mortgage foreclosure proceeding. Court properly found mortgagee had established good cause why it should remain in possession of property per Illinois Mortgage Foreclosure Law; terms of mortgage provided that it would take possession in event of default, and reasonable probability that it would prevail at final hearing.