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Home » Store » Government-Insured Lending » FHA Establishes POCs to Ensure Payment of Taxes, Other Liens

FHA Establishes POCs to Ensure Payment of Taxes, Other Liens

$55.00
Government-Insured Lending

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Direct holders of liens against FHA-insured, single-family properties must submit bills for taxes and other fees to specific points-of-contact (POCs) to avoid unnecessary litigation to enforce a lien, according to a new FHA proposed rule. The proposed rule also provides a process for filing a lawsuit against the FHA if, for some reason, payment is not made to the lien holder. Published in two related Federal Register notices, the rule establishes POCs for lienholders, tax agencies and others for the management and disposition of HUD-acquired single-family properties. The POCs are authorized under the National Housing Act. The first notice (FR-5823-N-01) provides POCs within the Department of Housing and Urban Development for lien holders on FHA-owned properties to ensure they receive timely payment of taxes and liens on such properties and to avoid litigation for nonpayment. In addition, the ...
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