Partial Claim

Concept of Partial Claim in the context of Real Property

A short definition of Partial Claim: A filing by a lender with the U.S. Department of Housing and Urban Development requesting a one time, interest free, payment from the FHA insurance fund to bring a mortgage in default current. If approved, the payment from FHA to the lender is secured by a lien on the property (second mortgage).

Concept of Partial Claim in the context of Real Property

A short definition of Partial Claim: A filing by a lender with the U.S. Department of Housing and Urban Development requesting a one time, interest free, payment from the FHA insurance fund to bring a mortgage in default current. If approved, the payment from FHA to the lender is secured by a lien on the property (second mortgage).