ALLIED CONCORD FINANCIAL CORPORATION v. UNITED STATES

No. 104-68.

420 F.2d 733 (1970)

ALLIED CONCORD FINANCIAL CORPORATION v. The UNITED STATES.

United States Court of Claims.

January 23, 1970.


Attorney(s) appearing for the Case

George E. McMurray, Jr., Washington, D. C., attorney of record, for plaintiff.

Edward J. Friedlander, Washington, D. C., with whom was Asst. Atty. Gen., William D. Ruckelshaus, for defendant.

Before COWEN, Chief Judge, and LARAMORE, DURFEE, DAVIS, COLLINS, SKELTON, and NICHOLS, Judges.


ON PLAINTIFF'S MOTION AND DEFENDANT'S CROSS-MOTION FOR SUMMARY JUDGMENT

DURFEE, Judge.

On September 26, 1960, a mortgage loan of $687,600 was made by Allied Concord Financial Corporation, formerly Allied Building Credits, Inc. to the Kurtz Methodist Foundation, a California Corporation, for the purpose of constructing an apartment project. The building contractor was Capitola Corporation of Menlo Park, California. The mortgage loan was insured by the Federal...

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