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12/22/88 In Re Application of the County Collector For Judgment and

December 22, 1988

IN RE APPLICATION OF THE COUNTY COLLECTOR FOR JUDGMENT AND


Before the mortgagee changed from Finance America to Chrysler, Finance America commenced proceedings to foreclose its mortgage upon both parcels in June 1986. Finance America recorded a lis pendens notice with the Will County recorder on June 13, 1986. It obtained a judgment of foreclosure and sale on October 21, 1986, and was the successful bidder at the subsequent sheriff's sale on December 23, 1986. The redemption period following this foreclosure sale was to expire June 24, 1987. The sheriff's certificate of sale was recorded with the Will County recorder on December 31, 1986. Sometime after the sheriff's sale, but prior to the issuance of the sheriff's deed, Finance America became Chrysler First Financial Services.

APPELLATE COURT OF ILLINOIS, THIRD DISTRICT

ORDER OF SALE v.

LAND AND LOTS RETURNED DELINQUENT FOR NONPAYMENT OF GENERAL

TAXES FOR THE YEAR 1984 AND PETITION FOR TAX DEED OF

BEST INVESTMENTS (Chrysler First Financial

Services Corporation,

Petitioner-Appellee, v. Best

Investments,

Respondent-Appellant)

No. 3-88-0143

535 N.E.2d 472, 179 Ill. App. 3d 1067, 128 Ill. Dec. 961

Appeal from the Circuit Court of Will County; the Hon. Thomas M. Ewert, Judge, presiding.

Modified on Denial of Rehearing March 23, 1989. ...


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