12 USC 3760 - Conduct of sale; adjournment

U.S Code last checked for updates: Jan 30, 2025

§ 3760.

Conduct of sale; adjournment

(a)

In general

(1)

Manner and time

(2)

Location

(3)

Sale of multiple properties

(b)

Duties of foreclosure commissioner

(1)

Conduct of sale

(A)

In general

(B)

Written bids

(C)

Auctioneer

(2)

Eligible participants

(A)

In general

(B)

Prohibited participants

(c)

Adjournment or cancellation of sale

(1)

General authority

The foreclosure commissioner may, before or at the time of the foreclosure sale, adjourn or cancel the foreclosure sale if the commissioner determines, in the commissioner’s discretion, that—

(A)

circumstances are not conducive to a sale which is fair to the mortgagor and the Secretary; or

(B)

additional time is necessary to determine whether the security property should be withdrawn from foreclosure, as provided in section 3759 of this title.

(2)

Adjournment to same or later day

(d)

Cash deposits

(e)

Presumption of validity of sale

(Pub. L. 103–327, title II, Sept. 28, 1994, 108 Stat. 2316.)

cite as: 12 USC 3760