FHA Single Family Housing Policy Handbook 4000.1, Part III — f. Servicing of Manufactured Home Lot Loans and Combination Loans (05/09/2022)

FHA Single Family Housing Policy Handbook 4000.1, Part III — f. Servicing of Manufactured Home Lot Loans and Combination Loans (05/09/2022)

f. Servicing of Manufactured Home Lot Loans and Combination Loans (05/09/2022) Servicing of Manufactured Home Lot Loans and Combination Loans are subject to the requirements for servicing Manufactured Home Loans with the following exceptions. Upon acceleration of the maturity on a Defaulted Manufactured Home Lot Loan or Combination Loan, the Lender must proceed against the loan security by foreclosure for Property classified as real estate (i.e., the lot, and if applicable, the Manufactured Home), and repossess any Manufactured Home classified as Personal Property. Once the Lender obtains the Property through foreclosure and/or repossession if applicable, the Manufactured Home and lot securing a Combination Loan may be sold in a single transaction or separately, without prior approval from HUD. Claim Submission and Payment Claim submission and payment for Manufactured Home Lot Loans and Combination Loans are subject to the requirements stated in Title I Claims for Manufactured Homes and Property Disposition of Manufactured Homes. The Lender must submit the claim that includes the sum of the following amounts: • state or local real estate taxes, pro-rated to the date of disposition; • lot rents, pro-rated to the date of disposition of the Property; • municipal water and sewer fees, pro-rated to the date of disposition of the Property; • liens, pro-rated to the date of disposition of the Property; • special assessments that are noted on the loan application or become liens after the insurance is issued, pro-rated to the date of disposition of the Property; • premiums for hazard insurance on the Manufactured Home, pro-rated to the date of disposition of the Property; and • transfer taxes required by any state or local government. HUD may reimburse up to 90 percent of the claim submitted for Manufactured Home Lot Loans and Combination Loans. IV. CLAIMS AND DISPOSITION A. Title II Claims 1. Claim Submission Process Handbook 4000.1 1568 Last Revised: 11/26/2025 IV. CLAIMS AND DISPOSITION A. TITLE II CLAIMS This section provides the standards and procedures applicable to the submission of claims for all Single Family (one- to four-units) Mortgages insured under Title II of the National Housing Act, except for Home Equity Conversion Mortgages (HECM). The Mortgagee must fully comply with all of the following standards and procedures when submitting a claim for Federal Housing Administration (FHA) mortgage insurance benefits. 1. Claim Submission Process

Source: FHA Single Family Housing Policy Handbook 4000.1, Part III — f. Servicing of Manufactured Home Lot Loans and Combination Loans (05/09/2022) · source URL · snapshot 8c03836f77f317e1