CFR > Title 24 - Housing and Urban Development > SUBTITLE B—Regulations Relating to Housing and Urban Development > CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (parts 200 to 291) > SUBCHAPTER I—HUD-OWNED PROPERTIES (parts 290 to 291) > PART 291—DISPOSITION OF HUD-ACQUIRED SINGLE FAMILY PROPERTY > SUBPART D—Sale of HUD-Held Single Family Mortgage Loans (§291.301 to §291.307) > 291.305—Selection of bids and execution of Loan Sale Agreement.

291.305—Selection of bids and execution of Loan Sale Agreement.

HUD will evaluate bids, select successful bids, and notify the successful bidder in a manner set forth in the bid package. HUD will complete the execution of the Loan Sale Agreement when it accepts the successful bid.