FHA Mortgagee Letter 2025-13: Updates to Claims Without Conveyance of Title Post-Foreclosure Sales Period and HUD Real Estate Owned Properties Exclusive Listing Period
On April 28, 2025, the Federal Housing Administration issued Mortgagee Letter 2025-13 revising the Claims Without Conveyance of Title (CWCOT) program and the exclusive listing period for the U.S. Department of Housing and Urban Development’s Real Estate Owned properties. The letter eliminates the previously established exclusive and extended post-foreclosure sales periods under the CWCOT program and mandates a uniform 60-day post-foreclosure sales period during which properties are available to all buyer types, including investors. This change aims to streamline the sales process and reduce holding costs associated with unsold properties.
