United States v. Drexel View II, Ltd.

ORDER

BUA, District Judge.

This order concerns plaintiffs motion to secure possession by the Department of Housing and Urban Development (HUD) of property which is the subject of a pending foreclosure suit. For the reasons stated herein, plaintiff’s motion is granted.

I. FACTS

The relevant facts do not appear to be in dispute. Defendant Drexel View II, Limited, a California limited partnership (Drexel View), purchased a low and moderate income housing development from HUD in 1980 for $256,500. To finance the acquisition and rehabilitation of the development, Drexel View obtained a loan in April…