U.S. District Judge Bridget Meehan Brennan entered the order on April 14, 2026, granting the plaintiff’s consent motion for judgment in the Northern District of Ohio.
The court determined that the mortgage constitutes a valid lien on the property and that the defendants are in default under the loan documents.
As of April 10, 2026, the aggregate sum due to Fannie Mae was calculated at $79,719,183.80. This figure represents the total indebtedness of $83,408,405.95 less $3,689,222.15 currently held in suspense.
The outstanding balance includes $73,873,511.10 in unpaid principal and $3,840,265.05 in accrued, unpaid interest.
Additional amounts owed include $4,028,771.15 in servicer tax advances and $1,655,808.65 in receiver advances.
The judgment also accounts for specific administrative costs, including a $2,250 Broker Price Opinion, a $4,300 Property Condition Assessment, and a $3,500 Environmental Site Assessment.
Attorney costs were estimated at $46,000 as of April 10, 2026, with interest, fees, and expenses continuing to accrue pursuant to the loan documents.
The order directs the Sheriff of Cuyahoga County to issue an Order of Sale if the defendants do not pay the sums due within three days of the order’s entry.
The property, including personal property, is to be appraised, advertised, and sold at public auction.
Proceeds from the sale will be distributed first to the Clerk of Court for costs, then to the County Treasurer for taxes, and finally to Fannie Mae.
If Fannie Mae purchases the property at the auction, the sheriff will accept the amount of proceeds to which the plaintiff is entitled as the purchase price.
The judgment explicitly preserves Fannie Mae’s right to pursue guarantors for any deficiency related to the foreclosure.