Federal National Mortgage Ass'n v. Royal Manor Apartments, LLC

ORDER DENYING FANNIE MAE’S MOTION TO DISMISS (DOC. #21) AND GRANTING ROYAL MANOR’S MOTION FOR SUMMARY JUDGMENT (DOC. # 20)

VICTORIA A. ROBERTS, District Judge.

I. INTRODUCTION

This is a mortgage foreclosure action; Defendant Royal Manor Apartments, LLC (“Royal Manor”) does not dispute that foreclosure was legal: Royal Manor defaulted by not making the final payment, but timely redeemed the property after Federal National Mortgage Association (“Fannie Mae”) filed its Complaint seeking injunctive relief and appointment of a receiver.

This dispute centers on the redemption price paid by Royal Manor,…