FHA Single Family Housing Policy Handbook 4000.1, Part IV — h. Repossession and Preservation Expenses (05/09/2022)

hud-4000-1-iv-h-repossession-and-preservation-expenses

FHA Single Family Housing Policy Handbook 4000.1, Part IV — h. Repossession and Preservation Expenses (05/09/2022).

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  authority: FHA Single Family Housing Policy Handbook 4000.1, Part IV — h. Repossession and Preservation Expenses (05/09/2022)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part IV — h. Repossession and Preservation Expenses (05/09/2022).
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    section: FHA Single Family Housing Policy Handbook 4000.1, Part IV — h. Repossession and Preservation Expenses (05/09/2022)
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      authority: FHA Single Family Housing Policy Handbook 4000.1, Part IV — h. Repossession and Preservation Expenses (05/09/2022)
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      paragraph_quote: h. Repossession and Preservation Expenses (05/09/2022) All repossession and preservation expenses paid to a third party must be documented in the case binder. Such expenses include legal fees, the cost to move the home, the cost of the appraisal, hazard insurance premiums, personal property taxes, and site rental. All receipts must be legible and detailed to identify the unit, Borrower, date, amount, purpose, and parties involved in the transaction. Note that there are limits to HUD’s reimbursement for legal fees and moving costs in its calculation of the Lender’s claim payment.

Verbatim regulatory text (1)

Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part IV — h. Repossession and Preservation Expenses (05/09/2022) — 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 Expenses (05/09/2022)

h. Repossession and Preservation Expenses (05/09/2022) All repossession and preservation expenses paid to a third party must be documented in the case binder. Such expenses include legal fees, the cost to move the home, the cost of the appraisal, hazard insurance premiums, personal property taxes, and site rental. All receipts must be legible and detailed to identify the unit, Borrower, date, amount, purpose, and parties involved in the transaction. Note that there are limits to HUD’s reimbursement for legal fees and moving costs in its calculation of the Lender’s claim payment.

Source: FHA Single Family Housing Policy Handbook 4000.1, Part IV — h. Repossession and Preservation Expenses (05/09/2022) · source URL · snapshot 8c03836f77f317e1