Federal Home Loan Mortgage Corp. v. Butcher

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Margaret Butcher and her former husband purchased property in 2005 with a loan secured by the property from Home Federal Bank. Butcher received the property in their divorce in 2009, and she subsequently defaulted on the loan. Wells Fargo Bank, the indorsee of the loan, foreclosed on the property. At the foreclosure sale, Federal Home Loan Mortgage Corporation (FHLMC) purchased the property with a credit bid. FHLMC then filed a post-foreclosure eviction complaint for ejectment and restitution of the property. The magistrate court granted FHLMC's motion for summary judgment and entered a final judgment in favor of FHLMC. Butcher appealed. The district court affirmed the magistrate court's decision. Butcher appealed again, but finding no reversible error, the Supreme Court affirmed too.View "Federal Home Loan Mortgage Corp. v. Butcher" on Justia Law