The Secretary of Public Assistance of the Commonwealth of Pennsylvania is hereby authorized and empowered to (a) collect, compromise, adjust or cancel claims and obligations arising out of or administered under this act or under any mortgage, lease, contract or agreement entered into or administered pursuant to this act, and, if in his judgment necessary and advisable, pursue the same to final collection in any court having jurisdiction; (b) bid for and purchase at any execution, foreclosure or other sale, or otherwise to acquire property upon which he has a lien by reason of a judgment or execution, or which is pledged, mortgaged, conveyed, or which otherwise secures any loan or other indebtedness owing to or acquired by him under this act; and (c) accept title to any property so purchased or acquired, to operate or lease such property for such period as may be deemed necessary to protect the investment therein, and to sell or otherwise dispose of such property in a manner consistent with the provisions of this act.
3 P.S. § 773