HUD Mortgagee Letter 2022-08 — Expanding Affordable Housing Supply Through FHA's Claims Without Conveyance of Title (CWCOT) Process
HUD ML 2022-08 updates Handbook 4000.1 section III.A.2.t.ii(H) (CWCOT Post-Foreclosure Sales Efforts) and IV.A.2.d.iv (CWCOT Claim Form Parts) to establish an exclusive 30-day Post-Foreclosure Sales period for Owner-Occupant Buyers, HUD-approved Nonprofits, and Governmental Entities, and to extend conveyance time frames.
Verbatim regulatory text
Verbatim provisions from HUD Mortgagee Letter 2022-08 — Expanding Affordable Housing Supply Through FHA's Claims Without Conveyance of Title (CWCOT) Process — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
HUD ML 2022-08 — Exclusive Post-Foreclosure Sales Period (III.A.2.t.ii(H)(1)(a))
Mortgagees that utilize the post-foreclosure sales efforts must list the Properties for sale for an initial 30-Day period exclusively for Owner-Occupant Buyers, HUD-approved Nonprofits, and Governmental Entities.
HUD ML 2022-08 — CWCOT Claim Form Parts Submission (IV.A.2.d.iv)
The Mortgagee must submit Parts A and B simultaneously no later than 30 Days after:
HUD ML 2022-08 — Effective Date
The provisions of this ML may be implemented immediately but must be implemented for all Post-Foreclosure Sales associated with defaulted FHA- insured Mortgages scheduled to occur on or after 90 Days from the date of this ML.