JP Morgan Chase Bank v. Talaganov

Illinois Appellate Court
Civil Court
Mortgage Foreclosure
Citation
Case Number: 
2018 IL App (1st) 180578
Decision Date: 
Friday, November 2, 2018
District: 
1st Dist.
Division/County: 
Cook Co., 6th Div,
Holding: 
Affirmed.
Justice: 
HARRIS

Court, in mortgage foreclosure proceeding, properly granted petition for turnover of surplus funds filed by holder of a junior mortgage. When a party seeks to establish a lien for purpose of distributing surplus proceeds, it is not required that amount of lien be proved up or adjudicated prior to distributing the proceeds. A valid junior lien may be satisfied under Illinois foreclosure law. (CUNNINGHAM and CONNORS, concurring.)