Illinois Supreme Court Decision Secures a Roetzel Victory in Landmark Illinois Mortgage Foreclosure Law Case

February 10, 2014 // // Roetzel is pleased to announce that the Illinois Supreme Court has declined to hear the petition for leave to further appeal in Turczak and Lew v. First American Bank, et al., thus solidifying the appellate court victory of the firm's client, First American Bank, in a landmark case that clarified the Illinois Mortgage Foreclosure Law and defined the options available to banks against mortgagers who have defaulted on their payments.

"This is a major victory for our clients and very good news for Illinois banks," said Mark D. Belongia, a Roetzel partner and lead counsel in the case. "The fact that the Supreme Court has declined to hear any further appeal sets the holding of the appellate court firmly in place, thus giving Illinois banks firm guidance on their rights and obligations under the Illinois Mortgage Foreclosure Law."

The Supreme Court's denial of any further appeal serves to uphold two important findings by the appellate court. First, the decision means that a bank may proceed consecutively in actions on a promissory note and to foreclose on the mortgage and secondly, that unless and until a sheriff's sale of a foreclosed property is approved by judicial order, the rights of interested parties – including those of banks holding junior mortgages on the property – are not extinguished.

About Roetzel

Roetzel is a full-service law firm with more than 200 attorneys in offices located throughout Ohio and Florida and in Chicago, New York and Washington, D.C. The firm provides comprehensive legal services to national and international corporations, closely held and family-run businesses, institutions, organizations and individuals. For more information, visit

SOURCE Roetzel


Amy L. Clark
Marketing Communications Specialist




comments powered by Disqus

Franchise News Room »

News By Industry »

Featured Opportunities

ZIPS Dry Cleaners
ZIPS, since 1996, began as eight dry cleaners in the Baltimore-Washington, D.C., metro area and has grown to more than 40 stores. Find out more.
Launch Trampoline Park
Launch Trampoline Park is an indoor sports and entertainment facility featuring interconnected trampolines that form a giant jumping surface. Our...
Wayback Burgers
Wayback Burgers is strategically poised to grow dynamically. This could be your opportunity to partner with a leader in a rapidly growing food market...
BirthdayPak is an award-winning marketing platform that brings local upscale businesses together with their best customers.
All American Steakhouse and Sports Theater
The All American concept is not only what the consumer is looking for, it’s what they are craving—great quality food with signature steaks in a...
Share This Page

Subscribe to Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.