First Illinois National Bank v. Hans

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding a purported assignment of rights under installment contract made in connection with and as security for a loan to be an equitable mortgage and an assignment provision purporting to require mortgagor to execute a quit claim deed in lieu of foreclosure to be “null and void”
• “parties cannot by an express stipulation in the mortgage transform the instrument into an outright conveyance upon default, [thereby] depriving] the mortgagor of his redemptive rights”
• “[OJnce a foreclosure sale occurs, the equitable right to redemption ends”

Source: CourtListener parenthetical corpus (CC0).