---
kind: "section"
citation: "12 U.S.C. § 3714"
title: "12"
title_heading: "Banks and Banking"
number: "3714"
heading: "Record of foreclosure and sale"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/3714"
units:
  - "Chapter 38 — Multifamily Mortgage Foreclosure"
---

# §3714. Record of foreclosure and sale

- (a) To establish a sufficient record of foreclosure and sale, the foreclosure commissioner shall include in the recitals of the deed to the purchaser or prepare an affidavit or addendum to the deed stating—
  - (1) that the [mortgage](/usc/12/3702.md?p=1) was held by the [Secretary](/usc/12/3702.md?p=10);
  - (2) the particulars of the foreclosure commissioner’s service of notice of default and foreclosure sale in accordance with sections [3708](/usc/12/3708.md) and [3710](/usc/12/3710.md) of this title;
  - (3) that the foreclosure was conducted in accordance with the provisions of this chapter and with the terms of the notice of default and foreclosure sale;
  - (4) a correct statement of the costs of foreclosure, calculated in accordance with [section 3711 of this title](/usc/12/3711.md); and
  - (5) the name of the successful bidder and the amount of the successful bid.
- (b) The deed executed by the foreclosure commissioner, the foreclosure commissioner’s affidavit and any other instruments submitted for recordation in relation to the foreclosure of the [security property](/usc/12/3702.md?p=7) under this chapter shall be accepted for recordation by the registrar of deeds or other appropriate official of the [county](/usc/12/3702.md?p=9) or [counties](/usc/12/3702.md?p=9) in which the [security property](/usc/12/3702.md?p=7) is located upon tendering of payment of the usual recording fees for such instruments.

## Source credit

(Pub. L. 97–35, title III, § 369F, Aug. 13, 1981, 95 Stat. 430.)