Form 50002 Mortgagees Request to Exceed cost and Protection Limits

Request to Exceed Cost
and Protection
Limits for Preservation

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

Department of HUD
__________________________________
__________________________________
__________________________________

OMB Approval No. 2502-0429
Exp. 09/30/2020

Mortgagee Name and Address
________________________________
________________________________
________________________________
________________________________

Dear ___________________________:
SUBJECT: Request for Variance from Preservation and Protection Schedule
FHA Case No.:___________________________
Date of Vacancy: _______________________
Mtgee Loan No.:__________________________
Date of Foreclosure Sale: ________________
Mortgagor's or HECM________________________
Borrower's Name:
Date Deed Recorded: ___________________
Property Address:_________________________
Expected Conveyance Date: ______________
_______________________________________
Zip Code: _____________________________
Permission is requested to perform the following services (all applicable estimates and required
documentation are attached):

Service
______ ______________________
______ ______________________
______ ______________________

(1)

TOTAL

Cost

Remarks

$______________
$______________
$______________
$______________

___________________________
___________________________
___________________________
___________________________

Preservation and Protection Costs Expended to Date (excluding inspections):

Service

Cost

________________
________________
________________
________________

(2)

TOTAL

$______________________
$______________________
$______________________
$______________________
$______________________

(NOTE: Expenses listed in item
(2) must be consistent with HUD
P&P limits and/or guidance and
are subject to further verification.)

Submitted By:____________________________________________ Title:__________________________
Signature:______________________________________________ Phone:_________________________
[ ]Please fax your response to Fax No.:(_____)____________________
Check appropriate box

REQUEST TO EXCEED COST LIMIT APPROVED:
For the subject case, HUD authorizes additional expenditures for:
- debris removal up to a maximum of
- boarding up to a maximum of
- winterization up to a maximum of
- other:_______________________

(3)
(4)

Total Additional Expenditures Approved Not to Exceed:
Total Authorization Not to Exceed [item (2) + item (3)]:

$ ______________
$ ______________
$ ______________
$ ______________

$ __________
$ __________

REQUEST TO EXCEED COST LIMIT DENIED: (include reason/explanation for denial)
Date Mortgagee’s Request Received: ________________
Date Response Provided to Mortgagee: __________________
Date of Approval/Denial: _________________
Approved By: _______________________________________
Public reporting burden for this collection of information is estimated to average .25 minutes per response, including the time for reviewing instructions, searching existing data sources,
gather and maintaining the data needed, and completing and reviewing the collection of information. HUD may not collect this information, and you are not required to complete this
form, unless it displays a currently valid OMB control number.
This information is required in order to administer the Mortgage Insurance Program (24 CFR Part 203). This information is required to request permission to exceed cost limits when
preservation and protection efforts cannot be performed in a specific jurisdiction for the costs prescribed. If HUD did not collect this information, it would prevent timely preservation and
protection efforts, increased losses to HUD’s Insurance Fund and would prolong the conveyances of properties to HUD. While no assurances of confidentiality are pledged to
respondents, HUD generally discloses this data only in response to a Freedom of Information request.

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form HUD-50002
(10/2017)