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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Alexander v. United States Department of Housing & Urban Development, 441 U.S. 39 (1979)

Citation
Alexander v. United States Department of Housing & Urban Development, 441 U.S. 39 (1979)
Parent Document
Alexander v. United States Department of Housing & Urban Development, 441 U.S. 39 (1979)
Effective Date
1979-04-17

Other Sections in This Document (175)

Full Text

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the private lender in accordance with § 221 (d)(3) of the Housing Act. When Riverhouse Apartments, Inc., defaulted on the loan in July 1970, GNMA assigned the mortgage to HUD in exchange for payment of the statutory mortgage benefits. Three years later, HUD initiated foreclosure proceedings, and a court-appointed receiver assumed operation of the project until HUD purchased the property at a foreclosure sale in August 1974.