See
information about Presidentially
Declared Disaster Areas and the Soldiers
and Sailors' Civil Relief Act of 1940.
Case
Specific Foreclosure Holds
Lenders may receive notices from the Department requiring a temporary
hold on foreclosure for the loans listed. This action, when taken,
is necessary to allow sufficient time for HUD to complete its review
of the subject loans relative to Predatory lending or other issues.
Upon
completion of the individual reviews, HUD will notify lenders that
the foreclosure process may continue. This release letter will state
that foreclosure must be commenced (or re-commenced) within 90 days
of the date of the release letter. Please note that this is similar
to suspensions resulting from bankruptcy actions.
Attorney
Fee Reimbursement - All Moratoriums and Foreclosure Holds
For
attorney fee reimbursement, HUD will treat the foreclosure suspensions
required by all moratoriums and/or foreclosure holds similar to
the suspensions resulting from bankruptcy actions. Mortgagees may
claim the actual attorney fees incurred, up to a maximum of 75%
of HUD's Attorney Fee Schedule for a foreclosure that was not completed
due to a moratorium. For the foreclosure action that is completed,
mortgagees may claim their actual attorney fees up to the maximum
amount noted in HUD's Attorney Fee Schedule (see Mortgagee Letter
01-19
or 98-26
depending on the date and type of legal action taken).
Moratorium
on Foreclosures on FHA mortgagors affected
by the September 11, 2001 attacks and their aftermath
Moratorium
on Foreclosures on FHA Mortgages in Parts of Various Metropolitan
Areas during 2000.
New
York, NY; Atlanta, GA; Chicago, IL; Los Angeles, CA.
Moratorium Letters: 08/15/00
· 08/18/00.
Baltimore,
MD.
Moratorium Letters: 07/13/00
· 04/10/00
· 04/06/00
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