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Code · North Carolina · Chapter 157 — Housing Authorities and Projects

§ 157-22. Title obtained at foreclosure sale subject to agreement with government.

88 words·~1 min read·/nc/chapter-157/157-22

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§ 157-22. Title obtained at foreclosure sale subject to agreement with government.
Notwithstanding anything in this Article to the contrary, any purchaser or purchasers at a sale of real or personal property of the authority whether pursuant to any foreclosure of a mortgage, pursuant to judicial process or otherwise, shall obtain title subject to any contract between the authority and a government relating to the supervision by a government of the operation and maintenance of such property and the construction of improvements thereon. (1935, c. 456, s. 22.)
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