S/N-1 REO LTD. LIABILITY CO. v. City of Fall River
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM AND ORDER
SARIS, District Judge.
INTRODUCTION
This is a declaratory judgment action brought by S/N-l Reo Limited Liability Co. (“S/N-l”) challenging the efforts of the City of Fall River to collect real estate taxes on a piece of commercial real estate. 1 S/N-l, which is fifty-one percent owned by the Federal Deposit Insurance Corporation (“FDIC”), derived its interest in the property from a mortgage held by a bank in federal receivership under the FDIC’s predecessor, the Resolution Trust Corporation (“RTC”) from 1990 to 1995. Fall River assessed real estate taxes on the property,…
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