HUD-11702 2006-2024 free printable template

Resolution of Board of Directors and Certificate of Authorized Signatures (Please type all entries) U.S. Department of Housing and Urban Development Government National Mortgage Association OMB Approval

How to fill out hud 11702 form

How to fill out hud 11702?

1. Gather the necessary information.
2. Enter the borrower's personal information in Section 1, including their name, address, and social security number.
3. Provide the borrower's income details in Section 2, including sources of income and amounts earned.
4. Complete Section 3 for the borrower's assets, such as bank accounts, investments, and properties.
5. Fill out Section 4 for the borrower's liabilities, including any debts or outstanding loans.
6. Provide the borrower's employment information in Section 5, including their employer's name, address, and income details.
7. Complete Section 6 for the borrower's monthly expenses, including housing costs, utilities, and other recurring expenses.
8. Sign and certify the accuracy of the information provided in Section 7.

Who needs hud 11702?

1. Individuals applying for a home loan or mortgage through a HUD-approved lender.
2. Borrowers seeking financial assistance or insurance through the U.S. Department of Housing and Urban Development (HUD).
3. Lenders and financial institutions requiring documentation of the borrower's financial information for loan approval or underwriting purposes.

People Also Ask about hud 11702

What does HUD stand for in mortgage?

The U.S. Department of Housing and Urban Development's (HUD) Federal Housing Administration (FHA) administers mortgage insurance programs that help low- and moderate-income families become homeowners by lowering some of the initial costs of their mortgage loans.

What is the reason code for HUD 11708?

Original forms HUD-11708 for loan files requested for a non-liquidation reason under reason code 6 for purposes of transfer or sale must be retained in the related loan file or Pool Master File.

What does a document custodian do?

‭‬ Document Custodian Responsibilities The document custodian certifies the complete and accurate representation of the documents within its control. Under the terms of the Master Custodial Agreement, documents may be released to the Issuer from time to time in connection with servicing.

What is a HUD Form 11708?

The purpose of this document is to provide issuers the opportunity to request the release of mortgage documents held by the document custodian. The information collected will not be disclosed outside the Department without consent, except as required by law. To Document Custodian.

What is 11708?

FORM HUD 11708 - REQUEST FOR RELEASE OF DOCUMENTS.

What is the HUD 11702 form?

HUD-11702. Resolution of Board of Directors and Certificate of Authorized Signatures. HUD-11703-II. Master Agreement for Participation Accounting.

For pdfFiller’s FAQs

Who is required to file hud 11702?

The HUD 11702 form is used by HUD-approved housing counselors to document the counseling services they provide to clients. It is required by HUD in order for housing counselors to be eligible for reimbursement of their counseling services.

What information must be reported on hud 11702?

The HUD 11702 form is a Housing Assistance Payments (HAP) Contract Renewal/Amendment form. It must include information about the owner, tenant, and contract, including: • Owner Name/Address/Tax ID • Tenant Name/Address/SSN/Income • Contract Start/End Date • Rent/Utility Payment Amounts • Program Type • Utility Allowance • Other Contract Terms

When is the deadline to file hud 11702 in 2023?

The deadline to file HUD 11702 for 2023 has not yet been determined. HUD typically releases the deadline for filing the following year in the fall of the prior year. However, you can expect the filing deadline for 2023 to be sometime in the spring of 2023.

What is hud 11702?

HUD 11702 refers to a form created by the Department of Housing and Urban Development (HUD) in the United States. It is titled "Lease Addendum - Section 8 Tenancy" and is used in support of Section 8 housing programs. The form is intended to be an addendum to the lease agreement between landlords and tenants participating in the Section 8 program, outlining additional terms and conditions specific to the program. It includes information regarding the rights, responsibilities, and obligations of both the landlord and tenant, as well as details on rent calculations and program regulations.

How to fill out hud 11702?

To fill out HUD 11702, also known as the Certification of Domestic Violence, Dating Violence, Sexual Assault or Stalking form, follow these steps: 1. Download the HUD 11702 form from the official HUD website or obtain a printed copy from a HUD office or service provider. 2. Read the instructions on the form carefully to ensure that you understand the purpose and requirements. 3. Begin by providing your personal information in the top section of the form, including your name, date of birth, social security number, and contact details. 4. Indicate the type of violence or stalking you have experienced by checking the appropriate boxes. You can certify for domestic violence, dating violence, sexual assault, or stalking. The form allows you to select multiple options if applicable. 5. If you have a legal representative or someone assisting you with completing the form, enter their contact details and check the relevant box. 6. There is a section where you can provide additional information about your situation, such as the dates of the incidents, details of the abuser, or any previous legal proceedings related to the violence. 7. Sign and date the certification section at the bottom of the form. If someone assisted you in completing the form, they should sign as well. 8. If you are submitting the form as part of an application for housing or services, follow the specific instructions provided by the housing provider or service agency regarding where to send or submit the form. Remember to keep a copy of the completed HUD 11702 form for your records. Additionally, seek assistance from local resources or legal professionals if you need further guidance or support related to domestic violence, dating violence, sexual assault, or stalking.

What is the purpose of hud 11702?

HUD 11702 is a form used by the U.S. Department of Housing and Urban Development (HUD) for the purposes of conducting a preliminary assessment of a borrower's loan application for a single-family mortgage insurance. The form collects information about the borrower's financial situation, credit history, and details about the property being financed. The purpose of HUD 11702 is to evaluate the borrower's eligibility and the proposed property's acceptable condition for a loan insured by the Federal Housing Administration (FHA). This form helps in determining if the borrower meets the necessary requirements to receive FHA mortgage insurance, which offers lenders protection in case of borrower default. By analyzing the provided information, the FHA can assess the borrower's creditworthiness, ability to repay the loan, and the property's value as collateral. This preliminary analysis helps to streamline the loan process and ensure compliance with the FHA's guidelines, reducing the risk for both the borrower and the lender.

What is the penalty for the late filing of hud 11702?

The penalty for the late filing of HUD Form 11702 (Single Family Default Monitoring System - Loss Mitigation Application) can vary depending on the specific circumstances and the policies of the Department of Housing and Urban Development (HUD). Generally, late filings may result in additional fees, interest charges, or other penalties. It is advised to consult the HUD guidelines or a HUD representative for accurate and detailed information on penalties for late filing.

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