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U.S. Code as of:
01/19/04
Section 3714. Record of foreclosure and sale
(a) To establish a sufficient record of foreclosure and sale, the
foreclosure commissioner shall include in the recitals of the deed
to the purchaser or prepare an affidavit or addendum to the deed
stating -
(1) that the mortgage was held by the Secretary;
(2) the particulars of the foreclosure commissioner's service
of notice of default and foreclosure sale in accordance with
sections 3708 and 3710 of this title;
(3) that the foreclosure was conducted in accordance with the
provisions of this chapter and with the terms of the notice of
default and foreclosure sale;
(4) a correct statement of the costs of foreclosure, calculated
in accordance with section 3711 of this title; and
(5) the name of the successful bidder and the amount of the
successful bid.
(b) The deed executed by the foreclosure commissioner, the
foreclosure commissioner's affidavit and any other instruments
submitted for recordation in relation to the foreclosure of the
security property under this chapter shall be accepted for
recordation by the registrar of deeds or other appropriate official
of the county or counties in which the security property is located
upon tendering of payment of the usual recording fees for such
instruments.
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