Deutsche Bank National Trust Co. v. Cortez

Illinois Appellate Court
Civil Court
Mortgage Foreclosure
Citation
Case Number: 
2020 IL App (1st) 192234
Decision Date: 
Tuesday, June 30, 2020
District: 
1st Dist.
Division/County: 
Cook Co., 4th Div.
Holding: 
Affirmed in part and remanded in part.
Justice: 
REYES

InĀ mortgage foreclosure action, court entered order approving sale of property in favor of bank. Defendant had entered into a loan modification agreement with Plaintiff. Court should have conducted evidentiary hearing as to status of Defendant's loan modification prior to confirming the sale, as there is a question as to whether parties entered into a loan modification agreement. As deed conveying title to the property was executed after confirmation of sale and recorded by Recorder of Deeds, title to property has vested by deed to a 3rd party, and thus Defendant's claim is barred. There is sufficient evidence to warrant a hearing as to the proper amount of the surplus, and remanded for purpose of conducting a hearing on that issue.Ā (GORDON and BURKE, concurring.)