Conveyance of property to Rural Development by trustee in bankruptcy.

CFR · 2024-01-01 · US · Title 7

(a) (1) The Bankruptcy Court has approved the conveyance; (2) The conveyance will permit a substantial recovery on the Rural Development debt; and (3) Rural Development will acquire title free of all liens and encumbrances except Rural Development iens. (b) (2) Conveyance may be by Trustee's Deed instead of a warranty deed. If upon advice of OGC it is determined a deed from any other person or entity (including the borrower) is necessary to obtain clear title, a deed from such person or entity will be obtained. (c) (d)

official document · source cfr-2024 · id 7:§ 1955.11