§266.640. Foreclosure and acquisition.
24 C.F.R. § 266.640
The HFA is not required to foreclose the insured mortgage. It may accept a deed-in-lieu of foreclosure.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1715z-22.; 42 U.S.C. 3535(d).
Source
Source: 59 FR 62524, Dec. 5, 1994, unless otherwise noted.