24 C.F.R. § 234.262   Exception to deed in lieu of foreclosure.


Title 24 - Housing and Urban Development


Title 24: Housing and Urban Development
PART 234—CONDOMINIUM OWNERSHIP MORTGAGE INSURANCE
Subpart B—Contract Rights and Obligations—Individually Owned Units

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§ 234.262   Exception to deed in lieu of foreclosure.

All of the provisions of §203.357 of this chapter relating to acceptance of a deed in lieu of foreclosure shall apply to mortgages insured under this part only if the mortgagee establishes to the satisfaction of the Commissioner that there are no unpaid assessments owed the Association or Cooperative of Owners.

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