HUD NSC Servicing Subcategories · U.S. Dept of Housing and Urban Development

Foreclosure/Conveyance

Are Mortgagees required to pay property taxes before or at conveyance of a property to HUD?

Are there any extensions of the conveyance timeframes given to Mortgagees to engage in CWCOT Post-Foreclosure sales efforts?

Can Mortgagees utilize an independent third party to conduct foreclosure and post-foreclosure sales?

Does HUD allow an extension of the Reasonable Diligence Time Frame to take possession of a foreclosed property?

For what reasons may HUD reconvey a property back to a Mortgagee?

How do junior liens impact a Mortgagees ability to convey good and marketable title to HUD?

How does a Mortgagee request an extension of time to convey a property to HUD?

How long does the Mortgagee remain responsible for a property being conveyed to HUD?

If a Mortgagee is unable to ensure it met the requirements in 12 CFR 1024 Section 41(f)(3)(ii)(C) Unresponsive Borrower, can the Mortgagee still utilize the extension for Prohibition of Foreclosure Due to Federal Regulations in Single Family Handbook 4000.1 Section III.A.2.t.i.(D)(1)(c) as an exception to FHA’s Foreclosure Initiation Time Frame?

Is an automatic extension allowed where a federal regulation requires a delay to initiate foreclosure?

Is an extension of the reasonable diligence timeframe allowed in order to gain property possession?

Is court permission required prior to foreclosing on a mortgage falling under the Servicemembers Civil Relief Act (SCRA)?

Is time to complete mediation included in the Reasonable Diligence Time Frame?

May a Mortgagee initiate foreclosure if the borrower has the property listed for sale?

May Mortgagees offer Cash for Keys as an alternative to legal eviction?

May Mortgagees pursue additional sales efforts when a property does not sell at the foreclosure sale?

Must the Mortgagee acquire the property when a borrower in default cannot resume or complete their mortgage payments?

Must the Mortgagee pay utility bills until the property is conveyed to HUD?

What are a Mortgagee’s requirements for identifying property occupants before completing foreclosure?

What are the documentation requirements for a Mortgagee’s request for extension of time to initiate foreclosure?

What are the Mortgagee requirements for hazard insurance recovery?

What are the Mortgagee’s requirements when conducting an eviction?

What are the Mortgagee’s requirements when considering a damaged property for the Pre-Foreclosure Sale option?

What are the Mortgagee’s requirements when conveying a property to HUD in connection with a Deed-in-Lieu?

What are the requirements for a Mortgagee initiating foreclosure proceedings?

What are the responsibilities of HUD’s Mortgagee Compliance Manager (MCM)?

What are the title evidence submission and review requirements when a property is conveyed to HUD?

What is the time frame by which a Mortgagee must transfer an acquired property to HUD?

What is the time frame to provide notification and submit title evidence following the transfer of the property to HUD?

What Single Family Default Monitoring System (SFDMS) Delinquent/Default Status Codes apply to the Claims Without Conveyance of Title (CWCOT) or CWCOT Post-Foreclosure Sale at the end of the reporting cycle?

What title activity must a Mortgagee complete at foreclosure referral when a property has a PACE obligation?

When can a Mortgagee request a pre-conveyance inspection by HUD?

When is a property considered to be in Acceptable Conveyance Condition?

When must a Mortgagee commence foreclosure of a vacant or abandoned property?

When must Mortgagees send the Notice to Occupants of Pending Acquisition (NOPA) to FHA borrowers?

Where can a Mortgagee find guidance on condition of title for conveying a property to HUD?

Where can I find out about mortgage fraud and foreclosure relief scams?

Which Special Mortgage types may not be foreclosed and must be assigned to HUD?

Who can the Mortgagee contact regarding their compliance with property preservation requirements and activities?

Who handles requests for Occupied Conveyance for HUD?

Why would a Mortgagee file an FHA insurance claim using Claims Without Conveyance of Title (CWCOT) rather than a standard conveyance claim?

Will HUD notify the Mortgagee when HUD has received an Occupied Conveyance request directly from the occupant?