In January 1988 petitioner Maria Guzman entered into an agreement with the Department of Housing Preservation and Development of the City of New York (HPD) to purchase shares of a co-op, appellant 188-190 Eighth Avenue Housing Development Fund Corporation (HDFC) (sued here as 188-190 HDFC), that HPD was sponsoring in a building in which Guzman had resided as a tenant for a number of years. At the time Guzman entered into the agreement she was in arrears. Pursuant to an August...
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