§ 25A.00.02.10. Sale of MPDU by Foreclosure

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A mortgagee or other secured party who has initiated foreclosure proceedings on a debt secured by a mortgage or deed of trust on an MPDU must notify the Department in writing at least 30 days prior to the date of the foreclosure sale. If the MPDU is a rental unit, the resale price must be calculated as provided in Section 25A.00.02.05.3 of this regulation.

                    
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