---
kind: "section"
citation: "12 U.S.C. § 3765"
title: "12"
title_heading: "Banks and Banking"
number: "3765"
heading: "Effect of sale"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/3765"
units:
  - "Chapter 38A — Single Family Mortgage Foreclosure"
---

# §3765. Effect of sale


A sale, made and conducted as prescribed in this chapter to a [bona fide purchaser](/usc/12/3752.md?p=1), shall bar all claims upon, or with respect to, the property sold, for each of the following [persons](/usc/12/3752.md?p=7):

- (1) **Notice recipients—** Any [person](/usc/12/3752.md?p=7) to whom the notice of default and foreclosure sale was mailed as provided in this chapter, and the heir, devisee, executor, administrator, successor, or assignee claiming under any such [person](/usc/12/3752.md?p=7).
- (2) **Subordinate claimants with knowledge—** Any [person](/usc/12/3752.md?p=7) claiming any interest in the property subordinate to that of the [mortgage](/usc/12/3752.md?p=3), if such [person](/usc/12/3752.md?p=7) had actual knowledge of the foreclosure sale.
- (3) **Nonrecorded claimants—** Any [person](/usc/12/3752.md?p=7) claiming any interest in the property, whose assignment, [mortgage](/usc/12/3752.md?p=3), or other conveyance was not duly [recorded](/usc/12/3752.md?p=8) or filed in the proper place for recording or filing, or whose judgment or decree was not duly docketed or filed in the proper place for docketing or filing, before the date on which the notice of the foreclosure sale was first served by publication, as required by [section 3758(3) of this title](/usc/12/3758.md?p=3), and the executor, administrator, or assignee of such a [person](/usc/12/3752.md?p=7).
- (4) **Other persons—** Any [person](/usc/12/3752.md?p=7) claiming an interest in the property under a statutory lien or encumbrance created subsequent to the recording or filing of the [mortgage](/usc/12/3752.md?p=3) being foreclosed, and attaching to the title or interest of any [person](/usc/12/3752.md?p=7) designated in any of the foregoing paragraphs.

## Source credit

(Pub. L. 103–327, title II, Sept. 28, 1994, 108 Stat. 2316.)

## Notes

### Editorial Notes

### Codification

Section is based on section 816 of title VIII of S. 2281, One Hundred Third Congress, as reported July 13, 1994, which was enacted into law by Pub. L. 103–327.