12 U.S.C. § 3765 — Effect of sale
submitted 32 years ago by Pub. L. 103-327 to r/title-12-BANKS-AND-BANKING · 228 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
A sale, made and conducted as prescribed in this chapter to a bona fide purchaser*, shall bar all claims upon, or with respect to, the property sold, for each of the following persons:
Any person* to whom the notice of default and foreclosure sale was mailed as provided in this chapter, and the heir, devisee, executor, administrator, successor, or assignee claiming under any such person.
Any person claiming any interest in the property subordinate to that of the mortgage*, if such person had actual knowledge of the foreclosure sale.
Any person claiming any interest in the property, whose assignment, mortgage, or other conveyance was not duly recorded* or filed in the proper place for recording or filing, or whose judgment or decree was not duly docketed or filed in the proper place for docketing or filing, before the date on which the notice of the foreclosure sale was first served by publication, as required by section 3758(3) of this title, and the executor, administrator, or assignee of such a person.
Any person claiming an interest in the property under a statutory lien or encumbrance created subsequent to the recording or filing of the mortgage being foreclosed, and attaching to the title or interest of any person designated in any of the foregoing paragraphs.
Source credit: (Pub. L. 103–327, title II, Sept. 28, 1994, 108 Stat. 2316.)
- 1994Enacted · Pub. L. 103-327 · 108 Stat. 2316
A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-327 on 1994-09-28.
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