DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Section 4625

Citation
Section 4625
Parent Document
Cole v. Harris, 187 U.S. App. D.C. 156 (1977)
Effective Date
1977-11-14
Original Source
https://www.courtlistener.com/opinion/7891523/cole-v-harris/ ↗

Other Sections in This Document (158)

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As the majority explains in more detail,9 Sky Tower was purchased in 1970 by a nonprofit corporation by means of a mortgage insured by HUD. ' Following abandonments by the contractors and default by the nonprofit corporation, the mortgagee elected to foreclose on the mortgage and transfer title to HUD in return for the mortgage insurance benefits. In the language of Caramico,10 this acquisition was “involuntary and in response to the default.” Such “random acquisitions ... of defaulted property,” Caramico continued, “are not acquisitions ‘for a program or project undertaken by a Federal agency’ within the contemplation of the drafters of the Relocation Act.”