FEDERAL · 12 U.S.C. · Chapter 38
Foreclosure costs
12 U.S.C. § 3711
Title12 — Banks and Banking
Chapter38 — MULTIFAMILY MORTGAGE FORECLOSURE
This text of 12 U.S.C. § 3711 (Foreclosure costs) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 3711.
Text
The following foreclosure costs shall be paid from the sale proceeds prior to satisfaction of any other claim to such sale proceeds:
(1)necessary advertising costs and postage incurred in giving notice pursuant to sections 3708 and 3710 of this title;
(2)mileage for posting notices and for the foreclosure commissioner's attendance at the sale at the rate provided in section 1921 of title 28 for mileage by the most reasonable road distance;
(3)reasonable and necessary costs actually incurred in connection with any necessary search of title and lien records;
(4)necessary out-of-pocket costs incurred by the foreclosure commissioner to record documents; and
(5)a commission for the foreclosure commissioner for the conduct of the foreclosure to the extent authorized by regulations issued by
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Related
C.D. Barnes Associates, Inc. v. Grand Haven Hideaway Ltd. Partnership
406 F. Supp. 2d 801 (W.D. Michigan, 2005)
Chicago Title Insurance v. Sherred Village Associates
544 F. Supp. 320 (D. Maine, 1982)
Source Credit
History
(Pub. L. 97–35, title III, §369C, Aug. 13, 1981, 95 Stat. 429.)
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Bluebook (online)
12 U.S.C. § 3711, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/3711.