HUD 50012 Mortgagees Request for Extension of Time

Mor
tga
gee's Request ffor
or
Mortga
tgag
Extensions of Time

U.S. Department of Housing
and Urban Development
Office of Housing
Federal Housing Commissioner

OMB 2502-0436 (exp. 07/31/2012)

Public reporting burden for this collection of information is estimated to average 15 minutes per response, including the time for reviewing instructi
ons, searching existing data
sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This informatio
n is required to obtain benefits. HUD may not collect this
information, and you are not required to complete this form, unless it displays a currently valid OMB control number. Section204(a) of the National Housing Act authorizes the
Secretary of the Department of Housing and Urban Development to insure lenders against loss on approved single family mortgages
. In the event of default and foreclosure of an
insured mortgage, the mortgagee is entitled to receive the insurance benefits plus interest on such benefits. HUD regulationsrequire that the mortgagee take certain actions within
specific time limitations. Failure to meet such limitations may result in curtailment of interest by requesting an extension fotime to complete an action before the time limit for the action
expires. This information collection is used to request such an extension and HUD may approve such requests in writing. Whileno assurances of confidentiality are pledged to
respondents, HUD generally discloses this data only in response to a Freedom of Information request.

Extensions will not be approved for the convenience of the mortgagee.
Mortgagee's Name & Address :

Promptly submit this form, prior to the expiration of the timeframe.
Form MUST be legible.
Mortgagor's Name & Property Address :

Mortgagee's Contact Person :
Direct Telephone No. (include area code & Ext) : Fax Number:

Extension Requested:

Days

This Request is a:

Mortgage Loan Number :

First Request

Subsequent Request #: _____

FHA Case Number:

Last Paid Installment:

Type of Extension Request:
1.

Extension of time to initiate foreclosure. §203.355
1a. Unable to initiate foreclosure within 90 days after release date from State law or bankruptcy. §203.355
1b. Unable to initiate foreclosure within 90 days of loss mitigation failure. §203.355

Date of Approval:

1c. Unable to initiate foreclosure prior to first legal due date, due to failure ofspecial forbearance plan. §203.355
2.

Extension of time to initiate foreclosure on HECM mortgages.

Date Stay Lifted :
Date of Failure:
Date Plan began:

Date of Failure:

§206.125

2a. Unable to initiate foreclosure within 6 months of due and payable notice.

Date of Notice:

2b. Unable to initiate foreclosure within 6 months from mortgagor's death.

Date of Mortgagor's
Death:

3.

Unable to convey within 30 days after acquiring title and possession. §203.359

4.

Unable to submit title evidence within 45 days after conveyance filed for record. §203.365

5.

Extension to submit fiscal data. §203.365

6.

Extension to submit supplemental claim. §203.401 or §203.404

7.

Unable to submit recorded partial claim subordinate mortgage within 6 months of execution. §203.371

8.

Other (specify):

Appraisal amount:

Date of Foreclosure Deed: Date Deed Recorded: Date of Vacancy:
Date of Conveyance Filedfor Record:
Date of Title Approval Letter:

Date of Execution:

Basis For Extension Request:

If more space is needed, attach an explanation.
Certification: The undersigned certifies that the above information is true and
correct.
Print Name :

Signature :

Date :

HUD USE ONLY HUD Decision on Extension Request: MUST STATE REASON FOR DENIAL (If additional space is needed attach explanation)
1. Extension is denied
a. Investor or holder delay in obtaining the security documents is not considered a circumstance beyond the mortgagee's control.
b. Staffing constraint is not considered a circumstance beyond mortgagee's control.
c. Errors of the servicer, holder, or any of the previous servicers or holders are not considered circumstances beyond the mortg
agee's control.
d. Delay or failure of the mortgagee's staff, agent, or contractor is not considered a circumstance beyond the mortgagee's contr
ol.
e. Your request was not submitted prior to the expiration of the time limit.
f.

Your request did not provide a valid reason to support an extension.

g. Your request did not include sufficient information/documentation to support the request.
h.

Other :

Note: If P&P work is required, it must be completed even if extension is denied.
2. Extension approved:
The Mortgagee is hereby granted an extension which expires on:______________.
Reviewed by:
X

Title:

Mortgagee's must keep a copy of this form in the claim review file for the subject mortgage.
Previous editions obsolete

Date:

HUD Reference No:

form HUD-50012 (08/2004)
ref. Handbook 4330.1