US lawFederal (United States)RegulationsTitle 24 CFR — Housing and Urban DevelopmentChapter II — OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTPart 266 — HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANSSubpart G — Contract Rights and Obligations266.64024 C.F.R. § 266.640Foreclosure and acquisition.Last amended: 2016Year: 2026Length: 17 wordsOfficial source Cite as 24 C.F.R. § 266.640 (2026)The HFA is not required to foreclose the insured mortgage. It may accept a deed-in-lieu of foreclosure.Previous24 C.F.R. § 266.638Next24 C.F.R. § 266.642