If a mortgagor adheres to the submission of monthly payments, but fails to return an executed Special Forbearance Agreement, can the mortgagee file for a Special Forbearance incentive claim?
Answer – No, Mortgagee Letter 2002-17, Page 9, states in part the mortgagee must file the incentive claim within 60 days of the date the Special Forbearance was executed. Since the mortgagee does not have a Special Forbearance Agreement that has been executed by the mortgagor the mortgagee cannot file the incentive claim.
Related Questions
- If a mortgagor adheres to the submission of monthly payments, but fails to return an executed Special Forbearance Agreement, can the mortgagee file for a Special Forbearance incentive claim?
- If a mortgagee qualifies a mortgagor for Special Forbearance with the loan cure resulting in a Loan Modification; can the mortgagee file a claim for each loss mitigation option used?
- If a mortgagor has executed their SFB Agreement, but then the SFB Agreement fails due to nonpayment, when must the mortgagee initiate foreclosure?
