§ 1005.757. Incentive payments.
79 words·~1 min read·
/us/cfr/t24/s§ 1005.757·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As an alternative to foreclosure, or eviction where applicable, as prescribed by Section 184 Program Guidance, HUD may authorize, an incentive payment to:
(a)Borrowers that complete certain loss mitigation options or for their agreement to vacate the property after foreclosure, under the terms established by the Secretary;
(b)Holders or Servicers for their completion of certain loss mitigation options; and
(c)Tribes or TDHEs for their assistance in loss mitigation, sale, or transfer of the Trust Land property.