U.S. Bank National Assoc. v. Randhurst Crossing LLC

Illinois Appellate Court
Civil Court
Mortgage Foreclosure
Citation
Case Number: 
2018 IL App (1st) 170348
Decision Date: 
Saturday, March 31, 2018
District: 
1st Dist.
Division/County: 
Cook Co., 4th Div.
Holding: 
Affirmed.
Justice: 
GORDON

Foreclosure of Defendant’s mortgage on commercial property. During foreclosure proceedings, prior to appointment of a receiver, Defendant filed for Chapter 11 bankruptcy in federal court, which stayed foreclosure proceedings. After automatic stay was lifted in bankruptcy action, receiver was appointed in foreclosure proceedings, and court ordered all rents paid during bankruptcy to be turned over to receiver.Order entered by bankruptcy court is sufficient to show that Plaintiff obtained constructive possession over rents as of date of order. Court did not err in ordering turnover of prereceivership rents to receiver, and ultimately to Plaintiff. Court did not abuse its discretion in awarding Plaintiff attorney fees as provided by loan documents. (BURKE and McBRIDE, concurring.)