12-U.S.C.-3714
§3714 – Record of Foreclosure and Sale
Pathway
Title 12 > Chapter 38 > Section 3714
Details
- Reference: Section 3714
- Legend: §3714 – Record of Foreclosure and Sale
- USCode Year: 2013
Provision Content
(a) To establish a sufficient record of foreclosure and sale, the foreclosure commissioner shall include in the recitals of the deed to the purchaser or prepare an affidavit or addendum to the deed stating—
(1) that the mortgage was held by the Secretary;
(2) the particulars of the foreclosure commissioners service of notice of default and foreclosure sale in accordance with sections 3708 and 3710 of this title;
(3) that the foreclosure was conducted in accordance with the provisions of this chapter and with the terms of the notice of default and foreclosure sale;
(4) a correct statement of the costs of foreclosure, calculated in accordance with section 3711 of this title; and
(5) the name of the successful bidder and the amount of the successful bid.
(b) The deed executed by the foreclosure commissioner, the foreclosure commissioners affidavit and any other instruments submitted for recordation in relation to the foreclosure of the security property under this chapter shall be accepted for recordation by the registrar of deeds or other appropriate official of the county or counties in which the security property is located upon tendering of payment of the usual recording fees for such instruments.
(Pub. L. 97–35, title III, §369F, Aug. 13, 1981, 95 Stat. 430.)
U.S. Encyclopedia of Law Coverage
12-U.S.C.-3709 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-3709, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-2708 in the Legal Encyclopedia: Mortgage
In this entry about 12-U.S.C.-2708, find legal reference material, bibliographies and premiere content related to mortgage in the American Encyclopedia of Law, presenting a comprehensive view of the United States mortgage-specific issues, written by authorities in the field.
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