Deutsche Bank National Trust Co. v. Citibank, N.A.

MEMORANDUM OPINION AND ORDER

W. HAROLD ALBRITTON, Senior District Judge.

I. INTRODUCTION

This case is before the court on trial briefs filed by Deutsche Bank National Trust Company (“Deutsche Bank”) and Johnny M. Portis and Lisa H. Portis (“the Portises”), and stipulated facts. Two of the parties in these consolidated cases have asked the court to determine whether Deutsche Bank or the Portises have the right to redeem- real property owned, through foreclosure sale, by Citibank, N.A. (“Citibank”).

The consolidated cases arise out of the same real estate mortgage transaction. In the first case,…