24 CFR 1005.761
§ 1005.761 Fee simple properties—foreclosure or assignment with HUD approval.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 1005.761, § 1005.761 Fee simple properties—foreclosure or assignment with HUD approval, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/102746
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Full text
(a) Unless a Borrower has completed a pre-foreclosure sale or a deed-in-lieu of foreclosure in accordance with §§ 1005.753 and 1005.755, the Servicer must complete First Legal Action on the Section 184 Guaranteed Loan pursuant to § 1005.763.
(b) Under limited circumstances, HUD may approve an assignment of a Section 184 Guaranteed Loan to HUD for fee simple land properties.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.