§ 27.100 Purpose, scope and applicability
§ 27.101 Definitions
§ 27.102 Designation of foreclosure commissioner and substitute commissioner
§ 27.103 Notice of default and foreclosure sale
§ 27.105 Service of Notice of Default and Foreclosure Sale
§ 27.107 Presale reinstatement
§ 27.109 Conduct of sale
§ 27.111 Adjournment or cancellation of sale
§ 27.113 Foreclosure costs
§ 27.115 Disposition of sales proceeds
§ 27.117 Transfer of title and possession
§ 27.119 Redemption rights
§ 27.121 Record of foreclosure and sale
§ 27.123 Deficiency judgment

Terms Used In CFR > Title 24 > Subtitle A > Part 27 > Subpart B - Nonjudicial Foreclosure of Single Family Mortgages

  • Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Statute: A law passed by a legislature.