Do you process foreclosures on FHA loans? Are you familiar with HUD's requirements? Would you like to have to a manual at your desk for quick reference? If you need training material, we have a solution.
FHA Foreclosures Training is a detailed manual created for mortgage servicers. It is an in depth look at the steps required, time lines, procedures for fiiing claims, and much more.
What's Included
First Legal requirements
Initiation of Foreclosure on Vacant and Occupied Properties
Foreclosure of the Loan
HUD Foreclosure Time Lines
FHA Claims,
Part A Claim Form
Conveyance of Title
Title Evidence, Part B Claim Form
Approved Attorney Fees
Property Protection and Preservation
Management and Marketing Contractors
Link to Debenture Interest Rate
Automatic Extensions of Time
Requests for Extensions of Time
Hazard Insurance
Foreclosure and Acquisition Costs
Delinquency Default Reason Codes
Much more..........
