source:
  type: guide
  id: hud-4000-1-iv-a-proceeding-against-the-loan-security
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part IV — a. Proceeding
    against the Loan Security (05/09/2022)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part IV — a. Proceeding
    against the Loan Security (05/09/2022).
  coverage_tier: operative
obligations:
- id: hud-4000-1-iv-a-proceeding-against-the-loan-security-full
  canonical_id: hud-4000-1-iv-a-proceeding-against-the-loan-security-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part IV — a. Proceeding
    against the Loan Security (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 — a. Proceeding
      against the Loan Security (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: a. Proceeding against the Loan Security (05/09/2022) After acceleration
      of the maturity on a Defaulted Loan, the Lender must proceed against the loan
      security by repossession or foreclosure of the collateral. Any action must be
      in compliance with all applicable state and local laws, and the Lender must
      acquire proper marketable title to the Manufactured Home securing the Loan.
      The Lender must also take all actions necessary under federal, state, and local
      law to preserve its rights to obtain an enforceable deficiency against the Borrower.
  judgment: false
