9th Circuit Finds Freddie Mac, Loan Servicer’s Quiet Title Action Timely

Mealey's (June 29, 2020, 12:53 PM EDT) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals on June 25 affirmed a ruling awarding summary judgment to a loan servicer and the Federal Home Loan Mortgage Corp. (Freddie Mac) in a quiet title action over the foreclosure sale of Las Vegas property, holding that the cause of action was subject to the Federal Foreclosure Bar’s six-year statute of limitations because the claim sounds in contract (M&T Bank, et al. v. SFR Investments Pool 1 LLC, et al., No. 18-17395, 9th Cir., 2020 U.S. App. LEXIS 19935)....