PRE-FORECLOSURE SALE DEMONSTRATION PROGRAM - FR 7214

ICR 199105-2502-001

OMB: 2502-0464

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
144733
Migrated
ICR Details
2502-0464 199105-2502-001
Historical Active
HUD/OH
PRE-FORECLOSURE SALE DEMONSTRATION PROGRAM - FR 7214
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 07/19/1991
Retrieve Notice of Action (NOA) 05/29/1991
This information collection is approved for use through July 31, 1992. This is the period during which funding for the Preforeclosure Sales Program is available.
  Inventory as of this Action Requested Previously Approved
07/31/1992 07/31/1992
13,040 0 0
8,959 0 0
0 0 0

DEFAULTING MORTGAGORS WITH STAGNANT OR DECLINING PROPERTY VALUES CAN QUALIFY TO SELL THEIR HOMES AT CURRENT FAIR MARKET VALUE OR THIRD-PARTY BUYERS. HUD PAYS THE SHORTFALL BETWEEN PROCEEDS AND MORTGAGE INDEBTEDNESS TO THE MORTGAGEE VIA THE CLAIMS PROCESS. MORTGAGOR AVOIDS FORECLOSURE, HUD SAVES FORECLOSURE, MAINTENANCE AND MARKETING COSTS.

None
None


No

1
IC Title Form No. Form Name
PRE-FORECLOSURE SALE DEMONSTRATION PROGRAM - FR 7214

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 13,040 0 0 13,040 0 0
Annual Time Burden (Hours) 8,959 0 0 8,959 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
05/29/1991


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