ATTACHMENT 9 Request to Exceed Timeframes
Requests to exceed cost limits are not the same as requests to exceed timeframes. Neither, approval to exceed allowable cost limits or failure to receive a timely response from an M&M Contractor to exceed cost limits constitutes an extension of time to convey title and submit form HUD-27011, Part A, or an extension of time to provide title evidence and submit form HUD-27011, Part B. The Mortgagee should submit a separate request for each request for an extension of time. All requests for extensions should be submitted on form HUD 50012, Mortgagee’s Request for an Extension of Time (nowPDF fill-able). Verbal requests for extensions will not be accepted.
Mortgagees should submit written extension requests to the M&M Contractor responsible for disposition of the property. Upon receipt, the M&M contractor will have five business days to approve the request, reject the request as lacking adequate documentation or deny the request. If the M&M Contractor rejects or denies the request for an extension of time, the Contractor will specify in writing the reason for the rejection or denial on form HUD-50012.
If the Mortgagee has not received a response within five
business days of receipt by the M&M Contractor, the Mortgagee may resubmit
a copy of the request directly to the
In emergency situations, Mortgagees may fax their requests to the M&M Contractor’s office, and confirm receipt of these requests by telephone. The local M&M Contractors office will respond to these emergency requests via fax if the Mortgagee so requests. Mortgagees are responsible for confirming receipt and legibility of all requests sent via fax.