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FALK v. FANNIE MAE

No. 197PA13.

766 S.E.2d 271 (2014)

Michael A. FALK, as Trustee of the Trust dated 10-26-1989 having the Tax ID Number 65-6043718 (a/k/a "The Charlotte Falk Irrevocable Trust") v. FANNIE MAE (a/k/a Federal National Mortgage Association); Glassratner Management & Realty Advisors, LLC; Idell Flourney; Sonya Petit; Liba Meiere; Shawnequa Dodson; Adolfo Zarate; Tishaun Whitehead; And John Does # 1-# 160, Being The Unidentified Lessees Of The Apartment Units At The Property Known As "ridgewood Apartments". Fannie Mae (a/k/a Federal National Mortgage Association), Third-Party Plaintiff v. Michael A. Falk, as Trustee of the Trust dated 10-26-1989 having the Tax ID Number 65-6043718 (a/k/a "The Charlotte Falk Irrevocable Trust") and Quicksilver, LLC, Third-Party Defendants.

Supreme Court of North Carolina.

December 19, 2014.

Attorney(s) appearing for the Case

Rossabi Black Slaughter, P.A., Greensboro by Gavin J. Reardon and Amiel J. Rossabi , for plaintiff/third-party defendant-appellee Michael A. Falk and third-party defendant-appellee Quicksilver, LLC.

Horack, Talley, Pharr & Lowndes, P.A., Charlotte, by Zipporah B. Edwards and Robert B. McNeill ; and Carruthers & Roth, P.A., by Rachel S. Decker and J. Patrick Haywood , for defendant/third-party plaintiff-appellant Fannie Mae and defendant-appellant GlassRatner Management and Realty Advisors, LLC.

The case before us involves a dispute between Michael Falk, Trustee of the Charlotte Falk Irrevocable Trust (Trust), and the Federal National Mortgage Association (Fannie Mae), concerning which party's mortgage lien on the Ridgewood Apartments, located in Guilford County, has priority status. The solution to the dispute involves...

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