Sewickley v. Chicago Title Land Trust Company

Illinois Appellate Court
Civil Court
Mortgage Foreclosure
Citation
Case Number: 
2012 IL App (1st) 112977
Decision Date: 
Tuesday, June 26, 2012
District: 
1st Dist.
Division/County: 
Cook Co., 2d Div.
Holding: 
Affirmed.
Justice: 
QUINN
Court properly confirmed judicial sale of commercial real estate (restaurant), after default judgment in excess of $824,000 against all Defendants, and after Defendants failed to raise objections at hearing to confirm sale. Defendants had ample time to object to purchase price of $300,000, the sole and highest bid; price was never shown grossly inadequate through any admissible evidence. Inadequacy of sales price alone is insufficient basis for court to not confirm a judicial sale, and Defendants failed to present evidence as to why judicial sale should not be approved. (CUNNINGHAM and CONNORS, concurring.)