www.hudclips.org 


U. S. Department of Housing and Urban Development
Washington, D.C. 20410-8000

MORTGAGEE LETTER 96-54
September 24, 1996
 
TO:       ALL APPROVED MORTGAGEES
 
SUBJECT:  Single Family Real Estate Owned (Property Disposition)
          Pilot Contracts for Management and Marketing
          Louisiana State Office
          Maryland State Office
          Sacramento Area Office
 
     The Department of Housing and Urban Development has entered into
contracts for the management and marketing of its acquired single
family properties for the entire jurisdictions covered by the subject
offices.  The contractor and its mailing addresses and telephone
numbers follow:
 
     For the Louisiana State Office jurisdiction:
          (FHA Case Number prefix 221)
 
          Golden Feather Realty Services, Inc.
          2626 N. Arnoult Rd., Suite 130
          Metairie, LA  70002
          Telephone:  504-779-9977
          Facsimile:  504-779-9006
 
     For the Maryland State Office jurisdiction:
          (FHA Case Number Prefixes 241, 242, 243)
 
          Golden Feather Realty Services, Inc.
          1010 N. Calvert St., Suite 944
          Baltimore, MD  21202
          Telephone:  410-837-4322
          Facsimile:  410-837-5117
 
     For the Sacramento Area Office jurisdiction:
          (FHA Case Number Prefixes 043, 192)
 
          Golden Feather Realty Services, Inc.
          1600 Sacramento Inn Way, Suite 220
          Sacramento, CA  95815
          Telephone:  916-922-2262
          Facsimile:  916-922-8009
 
     Those management and marketing tasks formerly performed by local
office HUD staff are now accomplished by the contractor.  Accordingly,
the processes and issues identified below affect approved mortgagees
as they relate to foreclosure and filing claims with the Department,
for these three office jurisdictions only.  Mortgagees must modify all
appropriate procedures, processes, letters, etc., to substitute the
contractor in place of the local HUD offices listed above for each of
the below areas:
 
     1.   Occupied conveyance procedures.
 
     2.   Preservation and protection issues.
 
     3.   Filing of claims.
 
     4.   Extensions of time for conveying title to HUD and for
          submitting title evidence, fiscal data (Part B) and
          supplemental claims on conveyances.
 
     5.   Title evidence.
 
     6.   Conveyance of damaged properties.
 
     Mortgagees must have these changes, which shall remain in effect
until further notice, in place no later than November 1, 1996, but may
enact them earlier.  Please direct any questions to Ann M. Sudduth,
Director, Single Family Property Disposition Division, Headquarters,
at 202-708-0740.
 
Sincerely yours,
 

Nicolas P. Retsinas
Assistant Secretary for Housing
Federal Housing Commissioner
 
.