24 C.F.R. § 203.412

Current through May 31, 2024

Section 203.412 - Payment for foreclosure alternative actions

Notwithstanding the conveyance, sale, or assignment requirements for payment of a claim elsewhere in this part, HUD may pay the mortgagee, in accordance with procedures prescribed by HUD, for the following foreclosure alternative actions, in such amounts as HUD determines:

(a) Assumptions under § 203.512 ;

(b) Special forbearance under §§ 203.471 and 203.614 ;

(c) Recasting or modification of defaulted mortgages under § 203.616 , where the mortgagee is not reimbursed under § 203.405(a) ;

(d) Refinancing under § 203.43(c) .

24 C.F.R. §203.412

61 FR 35019, July 3, 1996