For a Home Equity Conversion Mortgage (HECM) Claim Type 21, the Mortgagee must insert in Block 9 on the claim form (“Date of Possession and Acquisition of Marketable Title”) the later of either:
- the date of possession, when eviction is required;
- the date of the foreclosure sale;
- the date title is obtained by a third-party bidder; or
- the date the Redemption Period, if applicable, has ended.
For more information see Mortgagee Letter 15-10 available at https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee
Any additional questions may be directed to the FHA Resource Center at Toll-Free (800) CALLFHA (225-5342) or by email to firstname.lastname@example.org. Persons with hearing or speech impairments may reach this number by calling the Federal Information Relay Service at (800) 877-8339.