24 C.F.R. § 266.640 Foreclosure and acquisition.
Title 24 - Housing and Urban Development
The HFA is not required to foreclose the insured mortgage. It may accept a deed-in-lieu of foreclosure.
Title 24: Housing and Urban Development
PART 266—HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS
Subpart G—Contract Rights and Obligations
Claim Procedures
§ 266.640 Foreclosure and acquisition.
