If the Mortgagee has received an acceptable contract of sale that meets the PFS requirements, the PFS marketing period may only be issued for the time needed to close based on the close of escrow date on the contract of sale.
The Mortgagee may only cancel or temporarily suspend the foreclosure action where such suspension is permissible under state law.
Any questions may be directed to the FHA Resource Center Toll-Free Telephone Number at (800) CALL FHA (225-5342) or by email to answers@hud.gov. Persons with hearing or speech impairments may reach this number by calling the Federal Relay Service at (800) 877-8339.
For policy information see:
- Handbook 4000.1 III.A.2.l.ii(I)(6) and III.A.2.o.v at: https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh
- Mortgagee Letter 2022-02 at: https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee