FHA CONFIRMED UNIQUE POST-FORECLOSURE SALES PERIOD FOR OWNER-OCCUPANT BUYERS

As per the recent Mortgagee Letter, the FHA laid out a selective Post-Foreclosure Sales period for specific owner-occupant buyers, HUD-endorsed Non-profits, and governmental elements.

Albeit the provisions of the Mortgagee Letter might be executed right away, the provisions should be carried out for all Post-Foreclosure Sales related to FHA-insured Mortgages booked to happen on or 90 days from May 5, 2022.