§ 27.5 Prerequisites to foreclosure.
Current through Aug 20, 2026 · Read all of Part 27
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.