HUD Foreclosure In Reverse Merger Suit Proper, 5th Circuit Panel Rules

(November 29, 2021, 12:52 PM EST) -- NEW ORLEANS — The U.S. Department of Housing and Urban Development properly foreclosed on a mortgage loan under a first deed of trust because a release recorded by HUD’s limited power of attorney extinguished only a second deed of trust, and not the first one, a Fifth Circuit U.S. Court of Appeals panel ruled Nov. 22 in affirming a federal district court’s grant of summary judgment in a quiet title dispute....

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