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4710 1 CHAPTER 4 SETTLEMENT OF CLAIMS 4-1 INTROD - HUD - hud

4710 1 CHAPTER 4 SETTLEMENT OF CLAIMS 4-1 INTROD - HUD - hud-2025

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The document outlines the procedures for lenders to submit claims for losses on defaulted, repossessed, and resold Mobile Home Loans insured under Title I of the National Housing Act. It emphasizes the importance of accurate and complete documentation to expedite claim processing and minimize delays. The chapter details the necessary documents, examination processes, allowable expenses related to repossession, and guidelines for calculating insured losses. It serves as a comprehensive guide for lenders to ensure compliance with HUD-FHA requirements when filing claims.

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What is HUD 4710?

HUD-4710. Semi-Annual Labor Standards Report - Local Contracting Agencies (HUD Programs) Used to report contracts executed by the Local Contracting Agency (PHAs, TDHEs, THPs, Cities and States) that are subject to Davis-Bacon.

What is the purpose of a HUD statement?

The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. If you applied for a mortgage on or before October 3, 2015, or if you are applying for a reverse mortgage, you receive a HUD-1.

How do I get a HUD settlement statement?

The fully completed HUD-1 Settlement Statement generally must be delivered or mailed to you at or before the settlement. In cases where there is no settlement meeting, the escrow agent will mail you the HUD-1 after settlement, and you have the right to inspect it one day before settlement.

What is a HUD label on a manufactured home?

The label is the manufacturers certification that the home section is built in ance with HUDs Manufactured Home Construction and Safety Standards (the Standards). The Standards cover Body and Frame Requirements, Thermal Protection, Plumbing, Electrical, Fire Safety, and other aspects of the home.

What is HUD and its purpose?

The Department of Housing and Urban Development (HUD) is responsible for national policy and programs that address Americas housing needs, that improve and develop the Nations communities, and enforce fair housing laws.