Source: https://www.law.cornell.edu/cfr/text/24/203.412
Timestamp: 2015-12-01 09:52:44
Document Index: 3357164

Matched Legal Cases: ['art 203', '§ 203', '§ 203', '§ 203', '§ 203', '§ 203', '§ 203', '§ 203', '§ 203', '§ 203', '§ 203', '§ 203', '§ 203']

24 CFR 203.412 - Payment for foreclosure alternative actions. | US Law | LII / Legal Information Institute
CFR › Title 24 › Subtitle B › Chapter II › Subchapter B › Part 203 › Subpart B › Section 203.412 24 CFR 203.412 - Payment for foreclosure alternative actions.
§ 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:
Assumptions under § 203.512;
Special forbearance under §§ 203.471 and 203.614;
Recasting or modification of defaulted mortgages under § 203.616, where the mortgagee is not reimbursed under § 203.405(a);
Refinancing under § 203.43(c).
[61 FR 35019, July 3, 1996]
§ 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). [61 FR 35019, July 3, 1996]