source:
  type: guide
  id: hud-4000-1-iv-i-acquisition-by-voluntary-conveyance-or-surrender
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part IV — i. Acquisition
    by Voluntary Conveyance or Surrender (05/09/2022)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part IV — i. Acquisition
    by Voluntary Conveyance or Surrender (05/09/2022).
  coverage_tier: operative
obligations:
- id: hud-4000-1-iv-i-acquisition-by-voluntary-conveyance-or-surrender-full
  canonical_id: hud-4000-1-iv-i-acquisition-by-voluntary-conveyance-or-surrender-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part IV — i. Acquisition
    by Voluntary Conveyance or Surrender (05/09/2022)
  type: do
  tags:
  - regulator-direct
  - fha
  - hud-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: FHA Single Family Housing Policy Handbook 4000.1, Part IV — i. Acquisition
      by Voluntary Conveyance or Surrender (05/09/2022)
    source_class: hud-handbook
    source_url: https://www.hud.gov/hud-partners/single-family-handbook-4000-1
    snapshot_id: 8c03836f77f317e1
    fetched_at: '2026-05-23T00:28:40Z'
    content_hash: sha256:411430f29b13f9b54a2ebb0e6f6e7087ecd2b90d0da22eb0c8c792eaa2d7d0df
    paragraph_quote: 'i. Acquisition by Voluntary Conveyance or Surrender (05/09/2022)
      Instead of repossession, a Lender may accept a voluntary conveyance of title
      or ownership of the Property securing a Manufactured Home Loan which is in Default,
      provided that: • the Lender accepts the conveyance in full satisfaction of the
      Borrower’s obligation and no Title I claim is submitted to HUD; or • the Lender
      may accept voluntary surrender of the Property without satisfaction of the Borrower’s
      obligation and submit a Title I claim to HUD. The Lender must dispose of the
      Property in compliance with state and local laws so as to ensure that it can
      assign to HUD a valid and legally enforceable obligation against the Borrower
      for any deficiency. If a Lender accepts a voluntary conveyance of title or a
      voluntary surrender of the Property, the Notice of Default and Acceleration
      is not required. IV. CLAIMS AND DISPOSITION D. Title I Disposition 2. Property
      Disposition of Manufactured Homes Handbook 4000.1 1689 Last Revised: 11/26/2025'
  judgment: false
