Form Hud-50002 Request To Exceed Costand Protectionlimits For Preservation

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OMB Approval No. 2502-0429
U.S. Department of Housing and
Request to Exceed Cost
Exp. 06/30/2017
Urban Development
and Protection
Office of Housing
Federal Housing Commissioner
Limits for Preservation
Department of HUD
Mortgagee Name and Address
__________________________________
________________________________
__________________________________
________________________________
__________________________________
________________________________
_______________ _______________
Dear __________________________ :
SUBJECT: Request for Variance from Preservation and Protection Schedule
FHA Case No.:___________________________
Date of Vacancy: _______________________
Mtgee Loan No.:__________________________
Date of Foreclosure Sale: _______________
Mortgagor's Name:________________________
Date Deed Recorded: __________________
Property Address:_________________________
Expected Conveyance Date: ______________
______________________________________
Zip Code: ____________________________
Permission is requested to perform the following services (all applicable estimates and required
documentation are attached):
Service
Cost
Remarks
_____ ______________________
$______________
___________________________
_____ ______________________
$______________
___________________________
_____ ______________________
$______________
___________________________
(1)
TOTAL
$_____________
___________________________
Preservation and Protection Costs Expended to Date (excluding inspections):
Service
Cost
________________
$______________________
(NOTE: Expenses listed in item
________________
$______________________
(2) must be consistent with HUD
________________
$______________________
P&P limits and/or guidance and
________________
$______________________
are subject to further verification.)
(2)
TOTAL
$_____________________
Submitted By:___________________________________________
Title:_________________________
Signature:_____________________________________________
Phone:________________________
[ ]Please fax your response to Fax No.:(_ )____
Check appropriate box
REQUEST TO EXCEED COST LIMIT APPROVED:
For the subject case, HUD authorizes additional expenditures for:
-
debris removal up to a maximum of
$ _____________
-
boarding up to a maximum of
$ _____________
-
winterization up to a maximum of
$ _____________
-
other:_______________________
$ _____________
(3)
Total Additional Expenditures Approved Not to Exceed:
$ __________
(4)
Total Authorization Not to Exceed [item (2) + item (3)]:
$ _________
REQUEST TO EXCEED COST LIMIT DENIED: (include reason/explanation for denial)
Date Mortgagee’s Request Received: ________________
Date Response Provided to Mortgagee: _________________
Date of Approval/Denial: ________________
Approved By: ______________________________________
Public reporting burden for this collection of information is estimated to average .25 minutes per response, including the time for reviewing instructions, searching existing data sources,
gather and maintaining the data needed, and completing and reviewing the collection of information. HUD may not collect this information, and you are not required to complete this
form, unless it displays a currently valid OMB control number.
This information is required in order to administer the Mortgage Insurance Program (24 CFR Part 203). This information is required to request permission to exceed cost limits when
preservation and protection efforts cannot be performed in a specific jurisdiction for the costs prescribed. If HUD did not collect this information, it would prevent timely preservation and
protection efforts, increased losses to HUD’s Insurance Fund and would prolong the conveyances of properties to HUD. While no assurances of confidentiality are pledged to
respondents, HUD generally discloses this data only in response to a Freedom of Information request.
Page 1 of 1
form HUD-50002
(5/08/2006)

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