R.I. Housing & Mortgage Finance Corp. v. GordonAnnotate this Case
The Supreme Court affirmed the decree of the superior court foreclosing Respondent's rights of redemption in property purchased by Rhode Island Housing and Mortgage Finance Corporation (RIHMFC) through exercise of its right of first refusal, holding that there was no error.
After it purchased the property at issue RIHMFC filed a petition to foreclose any existing rights of redemption in the property. RIHMFC was later granted entry of default on the basis that Respondent had not defended against the citation issued to her. Thereafter, an order entered establishing the redemption amount and terms. The Supreme Court affirmed, holding that Respondent's arguments on appeal were unavailing.