Panel Rules On Judgment Barring Bank From Foreclosure Action Against Estate

Mealey's (October 26, 2022, 9:42 AM EDT) -- SPRINGFIELD, Ill. — An Illinois appellate court affirmed in part a trial court’s judgment that the claim of a bank against the estate of a decedent mortgagor is statutorily time-barred under Illinois law, finding that the bank’s “failure to timely file a claim against decedent or his estate” prevents the bank from using estate assets to satisfy a debt....

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