24 CFR § 291.200 - Future REO acquisition method.

---
identifier: "/us/cfr/t24/s291.200"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 291.200 - Future REO acquisition method."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "291.200"
section_name: "Future REO acquisition method."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "I"
subchapter_name: "HUD-OWNED PROPERTIES"
part_number: "291"
part_name: "DISPOSITION OF HUD-ACQUIRED AND -OWNED SINGLE FAMILY PROPERTY"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1701  42 U.S.C. 1441, 1441a, 1551a, and 3535(d)."
regulatory_source: "56 FR 46956, Sept. 16, 1991, unless otherwise noted."
cfr_part: "291"
---


# 291.200 Future REO acquisition method.

(a) Under this method of property disposition, HUD will enter into a property acquisition agreement (or agreements) with a transferor (or transferors), which shall provide for the right and obligation of the transferor(s) to acquire a future quantity of properties designated by HUD as they become available. The transferor(s) will be selected through a competitive process, conducted in accordance with applicable laws. HUD will negotiate the specific terms of the property acquisition agreement(s) with the selected transferor(s). The properties will be available on an “as-is” basis only, without repairs or warranties.

(b) *Eligible entities.* An individual, partnership, corporation, or other legal entity will not be eligible to participate in this process if at the time of the sale, that individual or entity is debarred, suspended, or otherwise precluded from doing business with HUD under 2 CFR part 2424.

[64 FR 6481, Feb. 9, 1999, as amended at 72 FR 73495, Dec. 27, 2007]