24 CFR 27.119 – Redemption rights
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Only for purposes of redemption rights under the Statute, a foreclosure shall be considered completed upon the date and at the time of the foreclosure sale.
Terms Used In 24 CFR 27.119
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Statute: A law passed by a legislature.