Yes, Mortgagors or other parties holding legal title (“owners”) to the property may request additional time from the Mortgagee to market and sell a property securing a Home Equity Conversion Mortgage (HECM) or to satisfy a HECM. Any extension of time granted is at the sole discretion of HUD.
For more information see Mortgagee Letter 15-15 available at https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee
Any questions may be directed to HUD’s National Servicing Center at (877) 622-8525. Persons with hearing or speech impairments may reach this number by calling the Federal Information Relay Service at (800) 877-8339.