INDUSTRIAL COM'N OF NORTH DAKOTA v. Wolf

[¶ 1] James F. Wolf appealed from a default judgment granted to the Industrial Commission of North Dakota, acting as the North Dakota Housing Finance Agency (NDHFA), and from an order denying Wolfs motion to vacate. 1 We conclude the trial court did not abuse its discretion in denying Wolfs motion to vacate. We therefore affirm.

[¶ 2] In January 1993, Wolf borrowed $42,-550 from State Bank of Fargo (Bank) to buy a house, and granted the Bank a mortgage on that property. The loan was insured by the Farmers Home Administration (FHA). The Bank assigned the promissory note and mortgage to NDHFA.…