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Does the right of first refusal apply if agricultural real estate is acquired by a qualified lender through the foreclosure sale of another lien holder?

April 26, 2017acquired Agricultural foreclosure Lender qualified Real Estate refusal right sale

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Does the right of first refusal apply if agricultural real estate is acquired by a qualified lender through the foreclosure sale of another lien holder?

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Yes. The right of first refusal applies when a qualified lender acquires agricultural real estate through a foreclosure sale initiated by another lien holder.