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Code of Federal Regulations (Last Updated: November 8, 2024) |
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Title 24 - Housing and Urban Development |
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Subtitle B - Regulations Relating to Housing and Urban Development |
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Chapter II - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development |
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SubChapter I - HUD-Owned Properties |
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Part 290 - Disposition of Multifamily Projects and Sale of HUD-Held Multifamily Mortgages |
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Subpart B - Sale of HUD-Held Multifamily Mortgages |
§ 290.33 - Sale of delinquent mortgages securing subsidized projects.
Latest version.
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§ 290.33 Sale of delinquent mortgages securing subsidized projects.
Delinquent mortgages securing subsidized projects will be sold only if, as part of the sales transaction:
(a) The mortgages are restructured; and
(b) Either FHA mortgage insurance or equivalent protections are provided.