HUD ML 2014-1 Save Your Home Brochure for Delinquent Mortgagors
On January 10, the U.S. Department of Housing and Urban Development (HUD) released Mortgagee Letter 2014-1, subtitled Save Your Home: Tips to Avoid Foreclosure – Brochure for Delinquent Mortgagors.
MORTGAGEE LETTER 2014-1
To: All FHA-Approved Mortgagees
Subject: “Save Your Home: Tips to Avoid Foreclosure”- Brochure for Delinquent Mortgagors
Purpose: The purpose of this Mortgagee Letter is to notify mortgagees that the “How to Avoid Foreclosure” brochure, HUD-PA-426, has been replaced. The new brochure is the “Save Your Home: Tips to Avoid Foreclosure” brochure, HUD-2008-5-FHA, which is to be sent with a cover letter to delinquent mortgagors pursuant to 24 CFR 203.602.
Effective Date: Mortgagees must comply with these requirements no later than 30 days from the date of this Mortgagee Letter.
Affected Topics: The topics addressed in this Mortgagee Letter supersede the requirements outlined in Mortgagee Letter 2002-14.
Please click here to view the letter in its entirety.
Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders, and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.