North Carolina General Statutes
Article 1 - Housing Authorities Law.
§ 157-22 - Title obtained at foreclosure sale subject to agreement with government.

157-22. Title obtained at foreclosure sale subject to agreement with government.
Notwithstanding anything in this Article to the contrary, any purchaser or purchasers at a sale of real or personal property of the authority whether pursuant to any foreclosure of a mortgage, pursuant to judicial process or otherwise, shall obtain title subject to any contract between the authority and a government relating to the supervision by a government of the operation and maintenance of such property and the construction of improvements thereon. (1935, c. 456, s. 22.)

Structure North Carolina General Statutes

North Carolina General Statutes

Chapter 157 - Housing Authorities and Projects

Article 1 - Housing Authorities Law.

§ 157-1 - Title of Article.

§ 157-2 - Finding and declaration of necessity.

§ 157-3 - Definitions.

§ 157-4 - Notice, hearing and creation of authority; cancellation of certificate of incorporation.

§ 157-4.1 - Alternative organization any city.

§ 157-4.1A - Alternative organization cities under 250,000 only.

§ 157-4.2 - Authority budgeting and accounting systems as a part of city or county budgeting and accounting systems.

§ 157-5 - Appointment, qualifications and tenure of commissioners.

§ 157-6 - Duty of authority.

§ 157-7 - Interested commissioners or employees.

§ 157-8 - Removal of commissioners.

§ 157-9 - Powers of authority.

§ 157-9.1 - Moderate income.

§ 157-9.2 - Additional powers.

§ 157-9.3 - Mixed income projects owned or operated by authorities.

§ 157-9.4 - Multi-family rental housing projects.

§ 157-10 - Cooperation of authorities.

§ 157-11 - Eminent domain.

§ 157-12 - Acquisition of land for government.

§ 157-13 - Zoning and building laws.

§ 157-14 - Types of bonds authority may issue.

§ 157-15 - Form and sale of bonds.

§ 157-16 - Provisions of bonds, trust indentures, and mortgages.

§ 157-17 - Power to mortgage when project financed with governmental aid.

§ 157-17.1 - Approval of mortgages by Local Government Commission; considerations; rules and regulations.

§ 157-18 - Remedies of an obligee of authority.

§ 157-19 - Additional remedies conferrable by mortgage or trust indenture.

§ 157-20 - Remedies cumulative.

§ 157-21 - Limitations on remedies of obligee.

§ 157-22 - Title obtained at foreclosure sale subject to agreement with government.

§ 157-23 - Contracts with federal government.

§ 157-24 - Security for funds deposited by authorities.

§ 157-25 - Housing bonds, legal investments and security.

§ 157-26 - Tax exemptions.

§ 157-26.1 - Exemption from real estate licensure requirements.

§ 157-27 - Reports.

§ 157-29 - Rentals; tenant selections; and summary ejectments.

§ 157-29.1 - Fraudulent misrepresentation.

§ 157-30 - Creation and establishment validated.

§ 157-31 - Contracts, agreements, etc., validated.

§ 157-32 - Proceedings for issuance, etc., of bonds and notes validated.

§ 157-32.1 - Other validation of creation, etc.

§ 157-32.2 - Other validation of contracts, agreements, etc.

§ 157-32.3 - Other validation of bonds and notes.

§ 157-32.4 - Further validation of contracts, agreements, etc.

§ 157-33 - Notice, hearing and creation of authority for a county.

§ 157-34 - Commissioners and powers of authority for a county.

§ 157-35 - Creation of regional housing authority.

§ 157-36 - Commissioners of regional housing authority.

§ 157-37 - Powers of regional housing authority.

§ 157-38 - Rural housing projects.

§ 157-39 - Housing applications by farmers.

§ 157-39.1 - Area of operation of city, county and regional housing authorities.

§ 157-39.2 - Increasing area of operation of regional housing authority.

§ 157-39.3 - Decreasing area of operation of regional housing authority.

§ 157-39.4 - Requirements of public hearings.

§ 157-39.5 - Consolidated housing authority.

§ 157-39.6 - Findings required for authority to operate in municipality.

§ 157-39.7 - Meetings and residence of commissioners.

§ 157-39.8 - Agreement to sell as security for obligations to federal government.