Illinois Appellate Court
Civil Court
Mortgages
In consolidated actions regarding real estate, court properly found that an equitable mortgage, rather than a conveyance of title occurred, where buyer of residential property in Chicago and seller, who had lived in residence all her life and inherited it from her father, entered into transaction through connection at now-defunct "home loan" company, with significant sums of money from sale being distributed to unknown entities, and seller claiming that after sale she paid buyer, via certified check, $18,400 as prepayment for rent; in significant disparity in initial sale price and later sale to a third party. (QUINN and NEVILLE, concurring.)