PRE-FORECLOSURE SALE DEMONSTRATION PROGRAM

ICR 199211-2502-007

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
144735
Migrated
ICR Details
2502-0464 199211-2502-007
Historical Active 199207-2502-002
HUD/OH
PRE-FORECLOSURE SALE DEMONSTRATION PROGRAM
Revision of a currently approved collection   No
Regular
Approved without change 02/05/1993
Retrieve Notice of Action (NOA) 11/12/1992
  Inventory as of this Action Requested Previously Approved
07/31/1994 07/31/1994 07/31/1994
3,149 0 13,040
17,854 0 8,959
0 0 0

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

None
None


No

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

  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 3,149 13,040 0 -9,891 0 0
Annual Time Burden (Hours) 17,854 8,959 0 8,895 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.
11/12/1992


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