FHA Single Family Housing Policy Handbook 4000.1, IV. CLAIMS AND DISPOSITION > C. TITLE I CLAIMS > 2. Title I Claims for Manufactured Homes — h. Repossession and Preservation Cost
HUD effective date: 05/09/2022 · section IV.C.2 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part IV — h. Repossession and Preservation Cost (05/09/2022).
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Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, IV. CLAIMS AND DISPOSITION > C. TITLE I CLAIMS > 2. Title I Claims for Manufactured Homes — h. Repossession and Preservation Cost — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part IV — h. Repossession and Preservation Cost (05/09/2022)
h. Repossession and Preservation Cost (05/09/2022) Costs necessary to repossess the home and maintain the home while awaiting sale include but are not limited to: • the fee for the condition report; • the fee for the appraisal; • the lot rent; • unpaid/delinquent property taxes, provided that: o documentation is contained in the case binder from the local authority showing the tax amount that is past due; o the taxes are legally required to be paid in order for the Lender to repossess and/or foreclose on the collateral; o current year property taxes are due on the unit; and o the taxes are for the Property identified as secured on the security instrument; • moving the home to a sales lot (not to exceed $1,000 per module - i.e., $1,000 for a single-wide, $2,000 for a double-wide); • the attorney’s fees (not to exceed $1,000); • court costs (e.g., filing fee, fee for serving a summons); • changing locks; • winterizing; and • hazard or flood insurance if obtained by the Lender after repossession.
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Source of record: https://claudeforcompliance.com/regs/hud-4000-1-iv-h-repossession-and-preservation-cost/
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