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U.S. Code as of:
01/19/04
Section 3757. Notice of default and foreclosure sale
The notice of default and foreclosure sale to be served in
accordance with this chapter shall set forth -
(1) the name and address of the foreclosure commissioner;
(2) the date on which the notice is issued;
(3) the names of -
(A) the Secretary;
(B) the original mortgagee (if other than the Secretary); and
(C) the original mortgagor;
(4) the street address or a description of the location of the
security property, and a description of the security property,
sufficient to identify the property to be sold;
(5) the date of the mortgage, the office in which the mortgage
is recorded, and the liber number and folio or other appropriate
description of the location of recordation of the mortgage;
(6) identification of the failure to make payment, including
the due date of the earliest installment payment remaining wholly
unpaid as of the date on which the notice is issued upon which
the foreclosure is based, or a description of any other default
or defaults upon which foreclosure is based, and the acceleration
of the secured indebtedness;
(7) the date, time, and location of the foreclosure sale;
(8) a statement that the foreclosure is being conducted
pursuant to this chapter;
(9) a description of the types of costs, if any, to be paid by
the purchaser upon transfer of title;
(10) the amount and method of deposit to be required at the
foreclosure sale (except that no deposit shall be required of the
Secretary) and the time and method of payment of the balance of
the foreclosure purchase price; and
(11) any other appropriate terms of sale or information, as the
Secretary may determine.
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