Delaware § 4025 Subordination of mortgage to agreement with government

Delaware Statutes

§ 4025 — Subordination of mortgage to agreement with government

Delaware § 4025

JurisdictionDelaware

Title31

PartHousing and Slum Clearance

Ch. 40THE DELAWARE STATE HOUSING AUTHORITY

Subch.Delaware State Housing Authority

This text of Delaware § 4025 (Subordination of mortgage to agreement with government) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 31, § 4025 (2026).

Text

DSHA may agree in any mortgage made by it that such mortgage shall be subordinate to a contract for the supervision by a government of the operation and maintenance of the mortgaged property and the construction of improvements thereon. In such event, any purchase or purchasers at a sale of the property of DSHA pursuant to a foreclosure of such mortgage or any other remedy in connection therewith shall obtain title subject to such contract.

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DSHA may agree in any mortgage made by it that such mortgage shall be subordinate to a contract for the supervision by a government of the operation and maintenance of the mortgaged property and the construction of improvements thereon. In such event, any purchase or purchasers at a sale of the property of DSHA pursuant to a foreclosure of such mortgage or any other remedy in connection therewith shall obtain title subject to such contract.