HUD Handbook 4000.1 IV.A.3.d: Negative Claim Amount

Document
HUD Handbook 4000.1, FHA Single Family Housing Policy Handbook
Section date
Version in Zeitro Strata
Where
page 1635 of 1872

Page 1635

d. Negative Claim Amount (02/16/2021)

If the Net Claim Amount in Part B (Item 137) of the original conveyance claim is a negative amount, HUD will calculate the claim, making the necessary adjustments for the costs of foreclosure, and will bill the Mortgagee for the amount due.

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.