40 Tex. Admin. Code § 175.62 - Trustee's Sale
(a) The chairman
may bid for the land at any trustee's sale for any amount that the chairman
deems to be in the best interest of the program. All land purchased by the
Board at a foreclosure sale shall be resold by private sale according to the
practices prevalent in the mortgage industry, or, in the same manner as
forfeited land under §
175.18 of this title.
(b) The chairman may collect any deficiencies
as allowed by law.
(c) "Trustee's
sale" means any foreclosure sale under this subchapter.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.