Timothy Rueth, et al. v. Michael Schrage, et al.

── Timothy Rueth, et al. v. Michael Schrage, et al. ── Case No.: 25A-PL-00956 Court: Indiana Court of Appeals Date: February 11, 2026 Author: Judge Elizabeth Tavitas County of Origin: Lake Category: Civil Decision: Affirmed Judge Bailey and Judge Kenworthy concur The origins of this case go back to 2009, when the Bank filed a commercial foreclosure action (the “Commercial Foreclosure Action”) against Briar Ridge Country Club Unit 16, LLC (“BRCC Unit 16”) and against Timothy as guarantor of the loan secured by the mortgage held by the Bank. The Bank obtained a judgment in that case in the amount of $3,634,760.49. The property that secured this loan was sold at a sheriff’s sale in August 2011 for $2,000,000, leaving a balance of $1,634,760.49.