Mortgage Electronic Registration System, Inc. v. Patock

GÓMEZ, Chief Judge

MEMORANDUM OPINION

(May 20, 2009)

Before the Court is the motion of Frank J. Patock, Jr. (“Patock”) to set aside the entry of default against him, and to set aside this Court’s March 20, 2008, Judgment. For the reasons stated below, the Court will grant the motion.

I. FACTS

On January 16, 2004, Patock and Douglas Lynch (“Lynch”) executed a promissory note, in which they promised to pay Flagstar Bank, FSB (“Flagstar”) the principal amount of $640,000, plus interest, in monthly installments commencing on March 1, 2004 (the “Note”). As security for the repayment of the Note, Patock…