90Sale if borrower bankrupt

90 Sale if borrower bankrupt

If a borrower's title, to any land, or land and residential premises, over which Homes Tasmania holds a mortgage in pursuance of this Act, is divested from the borrower under a law relating to bankruptcy, Homes Tasmania may cause the borrower's estate and interest in the land, or in the land and residential premises, to be sold –

(a) at the time and place; and

(b) in the manner; and

(c) on the terms and conditions –

that Homes Tasmania thinks fit.