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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 3711 Foreclosure costs us united_states_code code_section 12 BANKS AND BANKING 38 MULTIFAMILY MORTGAGE FORECLOSURE 3711 12 U.S.C. § 3711 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s3711 data/legal/raw/us/code/title-12/usc12.xml 702b286dc7d56ad9fa56e90a73aa7f49536aee22c994485797ddb975b347b2cd e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa a5d57f6c43ef73e74ead9ddbdbada152939b17e5a39343fa6f9e2d2007b662ff 2026-07-04 official
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12 U.S.C. § 3711 - Foreclosure costs

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 commissioners 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 the Secretary.

(Pub. L. 9735, title III, § 369C, Aug. 13, 1981, 95 Stat. 429.)