24 CFR 27.5 - Prerequisites to foreclosure.

Regulations last checked for updates: Apr 30, 2025

Title 24 - Housing and Urban Development last revised: Apr 20, 2025

View all text of Subpart A [§ 27.1 - § 27.50]

§ 27.5 - Prerequisites to foreclosure.

Before commencement of a foreclosure under the Act and this subpart, HUD will provide to the mortgagor an opportunity informally to present reasons why the mortgage should not be foreclosed. Such opportunity may be provided before or after the designation of the foreclosure commissioner but before service of the notice of default and foreclosure.

authority: 12 U.S.C. 1715b,3701,3751; 42 U.S.C. 1452b,3535

source: 61 FR 48548, Sept. 13, 1996, unless otherwise noted.

cite as: 24 CFR 27.5