Illinois Appellate Court
Civil Court
Mortgage Foreclosure
Plaintiff made a loan to Defendant LLC that was secured by a mortgage against real property owned by Defendant.Plaintiff filed a foreclosure action against several defendants, and court entered a judgment of foreclosure and sale. Plaintiff later bought the mortgaged property at Sheriff's sale. Court properly confirmed the sale. Defendants argued that terms of sale were unconscionable because the $3.5 million sale price was far less than the $5.5 to $6.5 million range which Defendants suggest is the actual value. The mere inadequacy of price is an insufficient reason to disturb a judicial sale without some other irregularity. Court did not err by confirming sale without an evidentiary hearing. (HYMAN and COGHLAN, concurring.)