24 C.F.R. § 290.18
Restrictions on sale to former mortgagors
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.
Notes of Decisions
Cited in 1
case, 2009–2009 · leading case: United States v. Livecchi, 605 F. Supp. 2d 437 (W.D.N.Y. 2009).
United States v. Livecchi, 605 F. Supp. 2d 437 (W.D.N.Y. 2009). “See 24 C.F.R. § 290.18 . Hours before the foreclosure sale was to occur, Livecchi and a group of investors to whom to he had agreed to sell the property sought a temporary restraining order in federal court cancelling or postponing the auction.”
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