HUD has released an updated Mortgagee's Request for Extensions of Time Form, effective February 1, 2006.

Included in the new document are;

Type of Extension requests

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.

1b. Unable to initiate foreclosure within 90 days of loss mitigation failure.

1c. Unable to initiate foreclosure prior to first legal due date, due to failure of special forbearance plan.

2. Extension of time to initiate foreclosure on HECM mortgages. 206.125

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

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

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

**Please note that previous option "Unable to assign mortgage within 30 days of assignment approval, 203.350" is no longer an option.

HUD Decision on Extension request

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

To view the updated document please click on the following link:

HUD Mortgagee's Request for Extensions of Time Form Update