Real property acquired in exchange for scheduled items shall be classified as Section 6705 property. The term “Scheduled Items” as used herein means those assets defined in Section 561.15 of the Rules and Regulations for Insurance of Accounts of the Federal Home Loan Bank Board. Loans made to finance the sale of Section 6705 property shall be classified as “Loans on Real Estate Owned for Development--Section 6705,” subject to the limitations of Section 6705.5. If real property was acquired from a borrower in a transaction designed to avoid foreclosure, with no consideration or only a token consideration being paid for the acquisition, such property shall be classified under Section 6707.