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2017 Delaware Code
Title 31 - Welfare
CHAPTER 40. THE DELAWARE STATE HOUSING AUTHORITY
Subchapter II Delaware State Housing Authority
§ 4025. Subordination of mortgage to agreement with government.
Universal Citation: 31 DE Code § 4025 (2017)
DSHA may agree in any mortgage made by it that such mortgage shall be subordinate to a contract for the supervision by a government of the operation and maintenance of the mortgaged property and the construction of improvements thereon. In such event, any purchase or purchasers at a sale of the property of DSHA pursuant to a foreclosure of such mortgage or any other remedy in connection therewith shall obtain title subject to such contract.
71 Del. Laws, c. 357, ยง 6.;
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