24 CFR 290.18 : Housing And Urban Development (§ 0.1 To Parts 4101-4199) — (§ 200.1 To Parts 403-499) — Regulations Relating To Housing And Urban Development (Continued) (§ 200.1 To Parts 403-499) — Office Of Assistant Secretary For Housing - Federal Housing Commissioner, Department Of Housing And Urban Development (§ 200.1 To Parts 292-299) — Hud-Owned Properties (§ 290.1 To Parts 292-299) — Disposition Of Multifamily Projects And Sale Of Hud-Held Multifamily Mortgages (§ 290.1 To § 290.39) — Disposition Of Multifamily Projects (§ 290.1 To § 290.27) — Restrictions on sale to former mortgagors.

4 Aug 2016

The defaulting mortgagor, or any principal, successor, affiliate, or assignee thereof, on the mortgage on the property at the time of the default resulting in acquisition of the property by HUD shall not be eligible to purchase the property. A “principal” and an “affiliate” are defined as provided at 24 CFR 24.105.

24 CFR 290.18
[66 FR 35847, July 9, 2001]