RE: Freedom of Information Act Request

Property Disposition Handbook

4310.5, REV-2, Pertaining to

One to Four Family Properties

This is in response to your Freedom of Information Act

(FOIA) request for the Property Disposition Handbook 4310.5, REV-

2, pertaining to one to four family properties.

Your FOIA request, including your identity and any

information made available, is releasable to the public under

subsequent Freedom of Information Act requests. In responding to

these requests, the Department does not release personal privacy

information such as home address, telephone number or Social

Security Number, which is protected from disclosure under

Exemption 6.

Your request is granted in part. We are withholding paragraph

3-24A on page 3-26 and paragraph 10-19D on page 10-20. We are

withholding these portions under Exemptions 2 and 5. In accordance

with Exemption 2, the release of this information would significantly

risk circumvention of agency regulations or statutes or impede the

effectiveness of an agency\'s enforcement activities (5 U.S.C. Sec.

552(b(2)).

These portions of the subject handbook are also exempt from

disclosure under Exemption 5 (5 U.S.C. Sec. 552(b)(5)).

Exemption 5 protects such information from mandatory disclosure,

as part of an agency\'s deliberative process, to ensure the

integrity of agency decisions.

You are advised that the Department\'s regulations

implementing the Freedom of Information Act (24 CFR Sec. 15.61)

provide for administrative review by the General Counsel of a

denial of a request for a record, provided the request for review

is filed within 30 days after issuance of the denial. Should you

desire such a review, your request should be mailed to:

U.S. Department of Housing

and Urban Development

ATTN: Jeffrey S. Rock

Freedom of Information Act Appeal

Assistant General Counsel for

Training and Administrative Law

451 Seventh Street, SW, Room 10246

Washington, DC 20410-0500

Telephone: (202) 708-0622

Your request for review should be accompanied by a copy of

the initial request, a copy of the written denial and a statement

of circumstances, reasons, or arguments advanced in support of

disclosure. The envelope should be plainly marked to indicate

that it contains a Freedom of Information Act request for review.

In accordance with the Freedom of Information Act, 5 U.S.C.

Sec. 552(a)(6)(C), you are advised that John J. Coonts, Director,

Office of Insured Single Family Housing, was the official

responsible for the partial denial of your request, at the time

this determination was made.

U.S. Department of Housing and Urban Development

Office of Housing

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Special Attention of: Transmittal Handbook No.: 4310.5 REV-2

Regional Directors of Housing Issued: May 17, 1994

Directors of Housing Management

Field Office Chief Property Officers

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1\. This Transmits:

REV-2 of Handbook 4310.5, Property Disposition Handbook - One to Four

Family Properties, dated April, 1994.

2\. Significant Changes:

The handbook has been revised to incorporate existing policy and

procedures which are the result of changes in policy, regulation, or

statute. It has been reorganized to ensure accurate and timely

financial management at each step of case processing from

preacquisition to disposition, and to more closely correspond to the

sequence of case processing used by the Single Family Accounting

Management System (SAMS). Regulatory citations are provided in bold

in response to Field Office requests. A glossary and subject index

are also provided and each chapter sets forth policy and internal

controls.

Chapter 1- Introduction

Chapter 1 provides a statement of policy, an overview of the Single

Family Property Disposition processing cycle, a summary of legislative

references and regulations, a summary of financial systems interfaces

and a discussion of internal controls. This chapter also describes

the interrelationship between Single Family Property Disposition and

the Office of the Chief Financial Officer (CFO), the Office of

Mortgage Insurance Accounting and Servicing (MIAS) and the Single

Family Accounting Management System (SAMS). The Chapter 1 exhibit is

a matrix of responsibilities, by handbook chapter.

Chapter 2 - Occupied Conveyance

Chapter 2 sets forth the Department\'s policy and procedures for

occupied conveyance. Paragraph 2-14 establishes procedures when state

or local law prohibits eviction.

Paragraph 2-14 B. establishes procedures where state or local law

requires the payment of excessive eviction or relocation expenses.

Paragraph 2-24 B. amends the vacancy criterion so that it is satisfied

when the average time in the unsold inventory in the residential area

in which the property is located exceeds six months.

Paragraph 2-27 adds permanent or long-term illness or injury as a

qualifying criterion for occupied conveyance and allows illness/

injury occupancy for a reasonable time rather than three months.

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Paragraph 2-30 A. provides that all tenants approved under occupied

conveyance procedures be given a copy of the Notice: Watch Out for

Lead-Based Paint Poisoning!

Paragraph 2-35 provides that the Chief Property Officer may not

delegate the responsibility for determining fair market rent and

notifying the occupant of the rent level to the Real Estate Asset

Manager (REAM).

Paragraph 2-35 A. provides that the Field Office must notify the

occupant of the rent level at the time the occupant is notified of

approval of occupancy under occupied conveyance procedures.

Paragraph 2-35 B. provides that the lease term may not start, nor rent

be collected, until title is taken in the Secretary\'s name.

Paragraph 2-35 C. provides that the Chief Property Officer\'s

responsibility for execution of a lease may not be delegated to the

Real Estate Asset Manager (REAM).

Paragraph 2-37 provides that the original, signed lease must be

maintained in the property case file.

Paragraph 2-40 establishes waiver procedures relating to the occupied

conveyance program.

Appendix 1, (pages 1, 3 and 6), Appendix 5 (page 2), Appendix 6 (page

2\) and Appendix 29 have been revised to reflect program changes.

Chapter 3 - Acquisition

Chapter 3 describes the types of acquisition programs and initial

processing procedures by which the Department takes possession or

acquires properties.

Paragraph 3-10 A. describes initial documentation required upon

conveyance.

Paragraph 3-10 B. provides that deeds are to be recorded

in the Secretary\'s name.

Paragraph 3-10 C. describes processing of

cases generated from the Single Family Insurance Claims (A43C)

Interface.

Paragraph 3-11 A. amends processing requirements of the Section 1013

Program because the Department no longer accepts acquisitions from the

Department of Defense.

Paragraph 3-11 B. describes custodial properties and precludes the

use of SAMS for payment of costs prior to assignment.

Paragraph 3-11 C. describes acquisition and prompt listing of a

property previously secured by a Secretary-Held mortgage.

Paragraph 3-13 B. provides for daily assignment of new acquisitions to

an appraiser.

Paragraph 3-14 B. describes REAM requirements to ensure appraiser

access within 48 hours.

Paragraph 3-14 C. provides for REAM preparation of an estimate of

repairs.

Paragraph 3-14 D. describes a mortgagee\'s responsibility to

take reasonable action to protect and preserve a vacant or abandoned

property until its conveyance to HUD.

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Section VIII has been added to provide policy and procedures for

preservation and protection (P&P), including Regional P&P Schedules and

monitoring.

Paragraph 3-19 O. provides procedures for processing Demolition Notices.

Paragraph 3-20 describes Headquarters\' and contractor procedures for
review

and payment of claims.

Paragraph 3-21 provides for mortgagee claims assistance on the status of

claims processing.

Paragraph 3-27 describes procedures for problem resolution of issues

related to the conveyance of damaged property.

Paragraph 3-29 clarifies conditions under which there can be no finding
of

mortgagee neglect.

Paragraph 3-30 describes the use of existing warranties, if appropriate,

for properties conveyed damaged.

Chapter 4 - Extensions of Time/Title Evidence/Homeowners and Condominium

Fees and Assessments/Reconveyance.

Chapter 4 describes issues which usually arise early in the acquisition

process. A new section has been added to describe requirements for

processing requests for extensions of time which are the responsibility

of Single Family Property Disposition.

Paragraph 4-8 provides for the exclusive use of Form HUD-50012,

Mortgagee\'s Request for Extensions of Time, by the mortgagee and the

Department.

Paragraph 4-9 describes time requirements for submission of extension

requests.

Paragraph 4-10 describes extension requests commonly processed in
Property

Disposition.

Paragraph 4-15 requires the use of an Extension Request Log.

Paragraph 4-16 describes valid reasons for extension requests and
denials.

Paragraph 4-17 provides general guidance for establishing the initial

duration of extension approvals.

Paragraph 4-20 describes the Chief Property Officer\'s authority to
approve

or deny the Mortgagee\'s Request for Extension of Time to submit title

evidence.

Paragraph 4-22 describes the use of SAMS to track and monitor extension

requests.

Paragraph 4-24 describes procedures for review and approval or denial of

title evidence.

Paragraph 4-25 B.1. sets forth requirements for a Circular Letter
wherever

the Field Office requires additional documentation beyond that
customarily

required for title approval.

Paragraph 4-27 amends Claims Without Conveyance of Title to reflect

discontinuance of the procedure except as requested by the mortgagee or

requested by HUD.

Paragraph 4-33 provides for indemnification of purchasers for damage or

loss as a result of any tax lien.

Section VII has been added to describe procedures for reconveyance.

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Paragraph 4-42 describes reconveyance initiated by the mortgagee.

Paragraph 4-43 describes reconveyance due to title defects.

Paragraph 4-44 E. provides that the Field Office Manager or Director

of Regional Housing must sign Quitclaim Deeds and describes the use

of a log of reconveyance requests.

Paragraph 4-44 F. provides for two demand letters prior to action to

reconvey or offset.

Paragraph 4-44 G. provides the rights of the mortgagee for appeal of

HUD\'s decision to reconvey.

Chapter 5 - Real Estate Taxes

Chapter 5 has been added to describe policy and procedures for

processing real estate taxes and/or special assessments. Included are

guidelines relative to special properties and circumstances,

prepayment restrictions, working with local tax authorities to obtain

profile and tax account information, processing delinquent invoices,

appealing tax assessments, and maintaining data base records to

facilitate monitoring and internal control.

Paragraph 5-3 requires maintenance of a Tax Payment Calendar.

Chapter 6 - Principal Program Approaches

Chapter 6 describes the processing cycle from appraisal to preparation

of the disposition program. This includes ordering and analysis of

the appraisal, appraisal review, initial pricing, preparation of the

environmental compliance record, preparation of the Disposition

Program and subsequent reanalysis.

Paragraph 6-12 describes appraisal policy, provides procedures for

ordering appraisals, and sets forth prescribed time frames.

Paragraph 6-13 provides policy for establishing the fair market value

and initial pricing.

Paragraph 6-14 provides for contents of the appraisal, including a

list of repairs.

Paragraph 6-14 F. sets forth procedures for appraisals in

revitalization areas.

Paragraph 6-15 provides that appraisers must understand FHA insurance

requirements for HUD-owned properties.

Paragraph 6-15 C. provides that the Disposition Program must be timely

prepared whether or not the review appraisal is complete.

Paragraph 6-19 describes program priorities for disposition

programming.

Paragraph 6-22 A. provides for alternatives for disposition for

hard-to-sell properties.

Section XIX, Special Marketing Tools, revises available marketing

tools.

Paragraph 6-22 A defines hard-to-sell properties.

Paragraph 6-22 C.3 describes maximum allowable financing and

closing costs.

Paragraph 6-22 C.4 excludes prepaids, financing and/or closing costs

from investor purchaser insured loans.

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Paragraph 6-22 C.5 describes the Lease with Option to Purchase program

for soft market areas.

Paragraph 6-22 C.9 encourages the prequalification of potential

purchasers.

Chapter 7 - Lease and Lease-Option Programs

Chapter 7 describes the variety of lease programs authorized by

changes in the regulations and the terms and conditions applicable

to each. Collection procedures for the collection of tenant rent

and delinquent tenant rent are also provided.

Paragraph 7-12 provides that the authority to sign a lease may not be

delegated below the level of the CPO and REAMs are not authorized to

sign leases.

Paragraph 7-14 provides that lessees are to be provided with the

Notice: Watch Out for Lead-Based Paint Poisoning!

Paragraph 7-16 describes the terms and conditions of occupancy

applicable to all lease and lease-option programs unless otherwise

specified in a specific program.

Paragraph 7-18 A. discusses the rental rate and the responsibility of

the Field Office to determine fair market rent and notify tenants

when occupancy is approved.

Paragraph 7-25 provides procedures for occupancy prior to closing or

where sales closing is delayed at length.

Paragraph 7-26 provides for lease in areas of high concentrations of

properties.

Paragraph 7-27 A. amends the major disaster relief program to reflect

changes in the Memorandum of Understanding between the Department

and the Federal Emergency Management Administration (FEMA).

Paragraph 7-27 B. establishes procedures to be used in other

disasters such as those caused by civil disturbance.

Paragraph 7-29 describes use of the lease-option program in certain

circumstances to governmental entities or qualifying nonprofit

organizations.

Paragraph 7-30 describes policy governing a tenant\'s right of first

refusal to purchase on a noncompetitive basis prior to listing under

certain circumstances.

Paragraph 7-32 provides for monitoring rent collection by an annual

sampling of 10 percent of all leases through direct mail.

Paragraph 7-38 provides for referral of delinquent former tenant

accounts to Debt Management Centers.

Appendix 29, Lease, has been revised to add services and equipment

to be provided, if any; permit the Department to enter a leased

property upon two days\' notice; provide for lease termination upon

30-days\' notice; establish the right of the Department to terminate

the lease when the property will be sold or is dedicated to another

use or program; and require that the lessee acknowledge receipt of

the Notice: Watch Out for Lead Based Paint!

Appendix 35, Lease With Option to Purchase, has been added to provide

for lease-option programs including those with broker participation.

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Appendix 69 has been added to offer the Right of First Refusal.

Chapter 8 - Lease and Sale of Properties for the Homeless

Chapter 8 describes existing policy and procedures necessary for

implementation of 24 CFR 291, Subpart E, for Lease and Sale of

HUD-Acquired Single Family Properties for the Homeless.

Paragraph 8-5 describes mutual administration and management of the

Homeless Program by Single Family Property Disposition and Community

Planning and Development (CPD).

Paragraph 8-13 requires that Lessees leasing properties constructed

prior to 1978 be given a copy of the Notice: Watch Out for Lead-Based

Paint!

Paragraph 8-19 describes the redelegation of waiver authority.

Paragraph 8-27 establishes acceptable processing time frames in

which a property may be held for consideration in response to a

provider\'s written expression of interest.

Paragraph 8-28 amends the requirement that homeless providers obtain

general liability insurance with HUD named as beneficiary, and

requires instead that HUD be named as an insured, coinsured, or an

additional insured.

Paragraph 8-31 establishes that the Lessee must pay all costs of

maintenance and repair.

Paragraph 8-34 describes the determination of the purchase price and

provides that the purchase price may not be adjusted to reflect the

cost or value of repairs made to the property by the lessee.

Paragraph 8-38 provides that CPD will perform outreach as necessary

to advise homeless providers of taxing authorities and tax exemptions

or reductions which may be available in the Field Office jurisdiction,

and describes circumstances in which providers are not required to

maintain a tax escrow account.

Paragraph 8-41 provides that, upon lease termination, properties are

to be returned to Property Disposition.

The matrix at the end of Chapter 8 illustrates the responsibilities

of Single Family Property Disposition and CPD.

Appendices 77, 78, 79, 80, 81 and 82 have been added for use in the

Homeless Program. Paragraph 22 of Appendix 77 and 78 has been amended

to describe the purchase price and to preclude adjustments to the

sales price as a result of repairs made to the property by the

homeless provider. Paragraph 26 has been revised to reflect that

lessee was provided with a copy of the Notice: Watch Out for

Lead-Based Paint Poisoning!

Chapter 9 - Media Advertising

Chapter 9 sets forth policy and procedures for media advertising.

Paragraph 9-7 establishes procedures for facilitating HUD

communications with the public.

Paragraph 9-10 C. describes the functions of the national advertising

contractor.

Paragraph 9-18 discusses advertising rules for real estate brokers.

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Paragraph 9-19 discusses the Hotline, its purpose, and inclusion of

the Hot Line telephone number in advertising.

Chapter 10 - Sales Procedures

The sales programs of the Department, and the specific requirements of

each program, are consolidated in this chapter.

Paragraph 10-17 I. provides for the correction of minor errors on

sales contracts when it is in the best interest of the Department to

do so.

Paragraph 10-18 revises the policy for return of earnest money

deposits to owner-occupants and direct sale purchasers.

Paragraphs 10-19 and 10-20 describe the modified sales procedures.

Paragraph 10-19 H. requires that a decision be made within two

working days of the bid opening of whether to accept the offer, with

notification to the broker at that time.

Paragraph 10-20 B.1 provides that nonprofit organizations who wish to

purchase must be prequalified by CPD.

Paragraph 10-29 provides for sales to displaced persons; sales to

tenants under the Right of First Refusal; and sales to salaried

employees, their relatives, or HUD contractors.

Chapter 11 - Sales Closings

This chapter consolidates all information related to sales closings.

Paragraph 11-12 permits an initial 15-day extension at no cost to

owner-occupant purchasers under certain conditions.

Paragraph 11-15 provides that properties are to be conveyed without

defects in title. It also provides for a letter of indemnification

of the purchaser against loss as a result of minor title defects

which preclude prompt closings.

Paragraph 11-17 B. sets forth comprehensive procedures for review of

the HUD-1, Settlement Statement.

Paragraph 11-19 D. sets forth procedures for reconciliation of sales

proceeds deposits with the HUD-1, Settlement Statement.

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Chapter 12 - Real Estate Asset Managers (REAM) Contracts

Paragraph 12-7 describes the Department\'s policy for contract

management of all acquired properties.

Paragraph 12-8 describes methods of contracting.

Paragraph 12-9 describes key steps in award of REAM contracts.

Paragraph 12-10 describes key issues in administering of REAM

contracts.

Paragraph 12-12 describes REAM requirements for removal of imminent

hazards.

Paragraph 12-13 describes repairs which may be performed by the REAM

and provides that 25 percent of all repairs performed by the REAM be

inspected.

Paragraph 12-14 describes requirements for subcontracting of repairs

and provides that the REAM must inspect 100 percent of subcontracted

repairs.

Section VI has been added to provide requirements for monitoring the

REAM contract.

Paragraph 12-17 E.4. provides that CPOs prepare the HUD-9524, Monthly

Inspections of Acquired Properties, by the 20th of each month.

Paragraph 12-17 D. requires sampling of 10 percent of all leases to

verify the accuracy of rent collections.

Paragraph 12-17 E. describes the responsibilities of the Realty

Specialist/Government Technical Representative.

Chapter 13 - Lead-Based Paint (LBP) Hazards

Chapter 13 describes policy and criteria for compliance with

Lead-Based paint regulations.

Paragraph 13-7 provides for initial inspection by the appraiser,

REAM or HUD staff.

Paragraph 13-14 provides for advertisement of properties which have

not been treated for defective paint surfaces.

Paragraph 13-15 describes the responsibility of brokers for

compliance with HUD lead-based paint procedures and provides

information which must be included in the Broker\'s Information

Release.

Paragraph 13-16 provides that all purchasers of properties constructed

prior to 1978 must be given the Notice: Watch Out for Lead-Based

Paint Poisoning!

Paragraph 13-21 provides that all renters of HUD-owned properties

constructed prior to 1978 be given a copy of the Notice: Watch Out

for Lead-Based Paint Poisoning!

Paragraph 13-25 provides for a revised Lead-Based Paint Addendum to

the Sales Contract and describes procedures for processing an accepted

offer.

Paragraph 13-26 provides for testing by XRF and laboratory analysis of

paint samples.

Appendix 10 provides the Notice: Watch Out for Lead-Based Paint

Poisoning!

Appendix 58 provides the revised Addendum to Sales Contract,

Lead-Based Paint Health

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Chapter 14 - Files and Recordkeeping

Chapter 14 provides policy for administration and maintenance of a

system of records for hard-copy and automated record systems.

Paragraph 14-9 B. encourages the viewing of SAMS data base files in

lieu of hard copy property case files for case management and

analysis and requires that documentation used for input to SAMS be

maintained in the permanent case file.

Paragraph 14-10 provides examples for maintenance of subject files.

Paragraph 14-14 provides that original contracts are retained by the

Contracting Officer, with copies maintained in PD files.

Chapter 15 - Collections and Deposits

Chapter 15 provides detailed procedures for processing collections

deposited to HUD\'s Lockbox, including collections by Field Offices,

closing agents, REAMs, and brokers.

The Chapter 15 exhibit provides post codes by type of collection

and party who typically processes the collection.

Chapter 16 - Disbursements

Chapter 16 explains the interrelationship between invoice processing

and internal controls applicable to each disbursement and provides

procedural guidelines to assist Field Offices in complying with these

controls.

Paragraph 16-11 identifies requirements for compliance with

procurement regulations.

Paragraph 16-13 describes authorized signatures for disbursements and

related vendor file maintenance forms.

Paragraph 16-14 provides for establishment of payee (vendor) files

in SAMS.

Paragraph 16-20 and 21 provide for monthly review and annual review

and certification by the Field Office Manager of vendor files.

Paragraph 16-22 discusses disbursement (payment) processing,

including required forms, signatures, and disbursal requirements.

Paragraph 16-23 describes reasons for the rejection of disbursement

requests by the SAMS contractor.

The Chapter 16 exhibit lists accounting post codes by type, and the

party who typically processes the invoices for each type of

disbursement.

Chapter 17 - Debt Collection

Chapter 17 describes the responsibility of the Chief Property Officer

as the Action Official responsible only for initial debt collection

for debts incurred in the normal course of business. Collection

procedures are separate from those of debt collection of tenant rent

and delinquent tenant rent, as shown in Chapter 7. Single Family

Property Disposition is subject to all the policies and procedures

for collecting debt incurred in the normal course of business as is

shown in HUD Handbook 1900.25 REV 3, Delinquent Debt Collection

Handbook.

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Headquarters recognizes that many of the debt collection procedures

described in the Debt Collection Handbook are undergoing revision as

a result of reorganization, and that there will be changes in debt

collection policy and practice. However, the definitions used and the

scope of action described in the Debt Collection Handbook are

generally applicable to debt collection procedures Departmentwide.

Chapter 18 - Review of Aged Inventory

Chapter 18 establishes a requirement for the annual review of

properties which have been in inventory longer than 24 months.

Detailed instructions for the review, annotation, and

certification of the Aged Active Cases Report are included.

3\. Issuances Superseded by HUD Handbook 4310.5 REV-2

Handbook

Handbook 4305.2, Property Disposition Handbook Fiscal Procedures

Housing Notice

H 90-59 Single Family Property Disposition Pricing of

Properties dated August 2, 1990

H 90-69 Single Family Claims for Insurance Benefits:

Requirements for the Preservation, Protection and

Inspection of Insured Properties - Including

Mortgagees\' Responsibility for Damaged Properties dated

September 19, 1990

H 91-32 Procedures for: Monitoring Area Management Brokers/Tax

Payment Guarantees dated April 16, 1991

H 91-34 Procedures for Reconveyance and Procedures for

Reimbursement to Lenders on Uninsured Cases dated April

25, 1991

H 91-63 Extension of Time Requirements for Single Family Claims

for Insurance Benefits dated July 24, 1991

H 91-89 Single Family Property Disposition Program dated

November 1, 1991

H 91-91 Lease and Sale of Acquired Single Family Properties for

the Homeless - Housing Responsibilities, dated November

7, 1991

H 91-94 Single Family Claims for Insurance Benefits: Changes in

Requirements for Preservation and Protection of Insured

Properties dated December 5, 1991.

H 92-5 Revision to Notice H 91-91, Lease and Sale of Acquired

Single Family Properties for the Homeless and Housing

Responsibilities dated January 13, 1992

H 92-10 Failure to Abide by HUD\'s Earnest Money Policy, dated

January 28, 1992

H 92-36 Extension of Notice H 91-34 dated April 13, 1992

H 92-62 Revised Lead-Based Paint Hazard Notice and Disclosure

Requirements dated August 11, 1992

H 92-63 Single Family Accounting Management System Internal

Controls dated August 12, 1992

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5/94 10

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4310.5 REV-2

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H 92-73 Monitoring Real Estate Asset Managers and Closing Agents

dated September 28, 1992

H 92-83 Extension of Notice H 91-91 dated October 26, 1992

H 92-88 Extension of Notice H 92-83 dated November 8, 1993

H 92-99 Requirement to Provide State and Local Tax Information to

Providers in the Single Family Homeless Initiative

Program and Start of Fiscal Year 1993 Inventory

Guidelines by Region dated December 18, 1992

H 93-2 Extension of H 92-10, Failure to Abide by HUD\'s Earnest

Money Policy dated January 13, 1993

H 93-4 Extension of Notice H 92-5 dated January 14, 1993

H 93-7 Policy and Procedural Guidelines for Paying Taxes

through SAMS and the Service Center dated February 26,

1993

H 93-13 Electronic Data Interchange of Form HUD-27011 and Title

Approval Letters dated 3/5/93

H 93-32 Reinstatement and Extension of Notice H 91-34,

Procedures for Reconveyance and Procedures for

Reimbursement to Lenders on Uninsured Cases dated

April 26, 1993

H 93-62 Extension of Notice H 92-62 dated August 24, 1993

H 93-68 Change of Notice Number H 93-62 dated September 14, 1993

H 93-82 Modified Sales Procedures - Single Family Property

Disposition dated October 25, 1993

H 93-84 Extension of Notice 92-83 dated November 8, 1993

H 94-7 Reinstatement and Extension of Notice H 92-5 Revision to

Notice H 91-91, Lease and Sale of Acquired Single Family

Properties for the Homeless - Housing Responsibilities

dated February 10, 1994

4\. Effective Date:

This change is effective immediately.

5\. Filing Instructions:

REMOVE INSERT

Handbook 4310.5 REV-1 Handbook 4310.5 REV-2

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Assistant Secretary for Housing

\- Federal Housing Commissioner

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

11 5/94

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U.S. Department of Housing and Urban Development

Washington, DC 20410

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MAY 1994 Departmental

Staff:

Internal Use Only

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Property Disposition

Handbook One to Four

Family Properties

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