Daily Legal News - Foreclosure Notices
776555—Fannie Mae ("Federal National Mortgage Association") vs. Timothy R. Colpitts, et al.
Paris Development Corp., whose last known address is c/o Julius Paris s/a 1 Public Square #800, Cleveland, Ohio 44114, otherwise whose address is unknown; The Allenwood Construction Company, whose last known address and present address are unknown, will take notice that on February 22, 2012, the undersigned, Fannie Mae ("Federal National Mortgage Association"), filed its complaint in the Court of Common Pleas, 1200 Ontario Street, Cleveland, Ohio 44113, of Cuyahoga County, Ohio, alleging that the defendants named above have or may claim to have an interest in the following described real estate to wit:
Permanent Parcel No. 455-08-007
Address: 7860 Royal Ridge Drive, Parma, Ohio 44129
A copy of the full legal description may be obtained from the County Auditor's Office, 1219 Ontario Street, Cleveland, OH 44113. (216) 443-7010.
Plaintiff further says that the Defendants Timothy R. Colpitts and Brandy D. Seitz are the owners of the hereinafter described real property, but that through inadvertence or error, the legal description as contained in the mortgage deed does not conform to the legal description as set forth above; that the intention of the parties at the time of the execution of the mortgage deed was to transfer to the Plaintiff all interest the Defendant had in and to the aforementioned described real property, but that through a scrivener's error, the legal description was not entirely and properly correct.
Plaintiff requests reformation of the mortgage deed to include the entire legal description as set forth above.
Plaintiff further alleges that by reason of the default of the defendant obligors in the payment of a promissory note according to its tenor, the conditions of a concurrent mortgage deed given to secure the payment of said note and conveying the above described premises, have been broken and the same has become a deed absolute.
Plaintiff prays that the defendants named above be required to answer and set up their interest in said real estate, or be forever barred from asserting the same, for foreclosure of said mortgage, the marshaling of liens, and the sale of said real estate, and the proceeds of said sale applied to the payment of plaintiff's claim in the proper order of its priority and for such other and further relief as is just and equitable.
The defendants named above are required to answer on or before the 30th day of May, 2012.
FANNIE MAE ("FEDERAL NATIONAL MORTGAGE ASSOCIATION").
By Edward G. Bohnert, Ronald J. Chernek and Douglas A. Haessig, Attorneys for Plaintiff. Reimer, Arnovitz, Chernek & Jeffrey Co., L.P.A., P.O. Box 968, Twinsburg, Ohio 44087, (330) 425-4201.