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UNITED STATES v. WOODLAND TERRACE, INC.

No. 8244.

293 F.2d 505 (1961)

UNITED STATES of America, Appellee, v. WOODLAND TERRACE, INC., Appellant.

United States Court of Appeals Fourth Circuit.

Decided August 5, 1961.

Attorney(s) appearing for the Case

Louis M. Shimel and J. C. Long, Charleston, S. C. (W. Turner Logan, Charleston, S. C., on the brief), for appellant.

George E. Lewis, Asst. U. S. Atty., Columbia, S. C. (N. Welch Morrisette, Jr., U. S. Atty., Columbia, S. C., on the brief), for appellee.

Before SOPER, HAYNSWORTH and BOREMAN, Circuit Judges.

HAYNSWORTH, Circuit Judge.

At issue is the right of the United States to foreclose a mortgage on a rental housing project, a mortgage which it had insured through the Federal Housing Administration and later, after the mortgagor's default, acquired by assignment. The Master, to whom the matter was referred, and the District Court found no impediment in the right of foreclosure. We find none.

Woodland Terrace, Inc. was organized in 1949 in South Carolina for...

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