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BAYVUE APTS. JOINT VENTURE v. OCWEN FEDERAL BANK

Civil Action No. 96-2282(JR).

971 F.Supp. 129 (1997)

BAYVUE APARTMENTS JOINT VENTURE, et al., Plaintiffs, v. OCWEN FEDERAL BANK FSB, et al., Defendants.

United States District Court, District of Columbia.

July 11, 1997.

Attorney(s) appearing for the Case

Stephen C. Glassman, Glassman & Bullock, Vienna, VA, Ann E. Schmitt, Reed, Smith, Shaw & McClay, Washington, DC, for Plaintiffs.

Judry Subar, Department of Justice, Washington, DC, for Defendant Ocwen Federal Bank FSB.

Tradewinds International, Washington, DC, Joseph Poole, Washington, DC, for Defendant Cisneros.

MEMORANDUM

ROBERTSON, District Judge.

Plaintiffs, owners of three multi-family housing projects in Virginia, have sued the U.S. Department of Housing and Urban Development and Ocwen Federal Bank seeking declaratory and equitable relief in connection with HUD's sale to Ocwen of notes executed to refinance the projects.1 HUD and Ocwen move to dismiss for lack of standing and for failure to state a claim upon which relief...

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