MARTIN PROP., INC. v. FLORIDA INDUSTRIES INV. CORP.

No. 4D02-342.

833 So.2d 825 (2002)

MARTIN PROPERTIES, INC., an Illinois corporation, Appellant, v. FLORIDA INDUSTRIES INVESTMENT CORPORATION, Indian River Farms, Inc. and VOSR Industries, Inc., Appellees.

District Court of Appeal of Florida, Fourth District.

Rehearing Denied January 13, 2003.


Attorney(s) appearing for the Case

Catherine M. Masters of Schiff, Hardin & Waite, Chicago, IL, Nicole Finitzo and Nathan A. Engel of Schiff, Hardin & Waite, Lake Forest, IL and Alan S. Polackwich, Sr. of Clem, Polackwich, Vocelle & Berg, LLP, Vero Beach, for appellant.

William G. Osborne of William G. Osborne, P.A., Orlando, for appellees Florida Industries Investment Corporation and Indian River Farms, Inc.

David H. Simmons and Julie Hions O'Kane of de Beaubien, Knight, Simmons, Mantzaris & Neal, LLP, Orlando, for appellee VOSR Industries, Inc.


KLEIN, J.

Appellant Martin Properties (MPI) appeals an order denying it standing to challenge an assignment of the equity of redemption involving property on which MPI had been the high bidder at a mortgage foreclosure sale. We reverse.

Florida Industries Investment Corporation (FIIC) owned land subject to several mortgages. After the property went into foreclosure, FIIC contacted MPI, a lender, for assistance in saving the property. The parties negotiated...

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