24 CFR 27.35 – Foreclosure costs
Current as of: 2024 | Check for updates
|
Other versions
Pursuant to section 369C(5) of the Act (12 U.S.C. § 3711(5)), a commission to the foreclosure commissioner for the conduct of the foreclosure will be paid in an amount to be determined by the General Counsel. A commission may be allowed to the commissioner notwithstanding termination of the sale or appointment of a substitute commissioner before the sale takes place.
Terms Used In 24 CFR 27.35
- 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
