United States v. Henry L. Henderson and Earnestine W. Henderson

TUTTLE, Circuit Judge:

Earnestine and Henry Henderson secured a rural housing loan from the Farmers Home Administration (“FmHA”) in September, 1970. They used this $9800 loan to build a five room home for their family in a rural area of Yazoo County, Mississippi. The Hendersons executed a deed of trust to the FmHA designating their property as security for the loan. They later became delinquent on the loan payments. After several notices, the government accelerated the debt and instituted non-judicial foreclosure proceedings in 1981. The United States acquired title to the property in a…