CFR > Title 24 > Subtitle B > Chapter II > Subchapter I > Part 291 > Subpart C – Sales Procedures
Current as of: 2024 | Check for updates
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Other versions
§ 291.200 | Future REO acquisition method |
§ 291.205 | Competitive sales of individual properties |
§ 291.210 | Direct sales procedures |
Terms Used In CFR > Title 24 > Subtitle B > Chapter II > Subchapter I > Part 291 > Subpart C - Sales Procedures
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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.