This Mortgagee Letter announces that HUD is exempting the counties identified on Attachment 1, which are subject to Presidential disaster declarations, from the time restrictions on insurable re-sales found at 24 C.F.R. 203.37a(b).  The exemption is in effect for all contracts of sale entered into from the date of the Presidential declaration applicable to the area in which the property is located, to September 30, 2009. 

The Presidential declarations include designated counties eligible for assistance to individuals and households in Nebraska, Indiana, Wisconsin, Illinois, and Missouri.  
 
Any questions regarding this Mortgagee Letter should be directed to 1-800-CALL-FHA. Persons with hearing or speech impairments may access this number via TDD/TTY by calling 1-877-TDD-2HUD (1-877-833-2483).

To view the Mortgagee Letter in its entirety,including a listing of eligible counties (Attachment 1) please click here.

About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, OH  and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 500 employees.  Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico