Reo Acquisition Group, LLC v. Federal National Mortgage Association
District Court, District of Columbia
1Opinion of the Court
MEMORANDUM OPINION
KETANJI BROWN JACKSON, United States District Judge
Plaintiff REO Acquisition Group (“REO”) is a real estate company based in Lakeview Terrace, California that acquires, renovates, and resells residential properties REO alleges that it entered into a contract with Defendant Federal National Mortgage Association (“Fannie Mae”) to purchase a pool of foreclosed residential properties, and that it paid a $100,000 deposit as part of that transaction — a deposit that Fannie Mae retained when the transaction fell through following a disagreement over the financing terms. (Compl.,…
2Cases cited14 opinions
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- Charles Kowal v. MCI Communications CorporationCourt of Appeals for the D.C. Circuit · 1994
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