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Code · CFR · Title 24 — Housing and Urban Development · Part 290 — Disposition of Multifamily Projects and Sale of HUD-Held Multifamily Mortgages · § 290.18

§ 290.18. Restrictions on sale to former mortgagors.

58 words·~1 min read·/us/cfr/t24/s§ 290.18·

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The defaulting mortgagor, or any principal, successor, affiliate, or assignee thereof, on the mortgage on the property at the time of the default resulting in acquisition of the property by HUD shall not be eligible to purchase the property. A "principal" and an "affiliate" are defined as provided at 24 CFR 24.105. \[66 FR 35847, July 9, 2001\]
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§ 290.18
Restrictions on sale to former mortgagors.
Cite24 CFR 24.105
Cites 1Cited by 0 across 0 sources
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