Form Hud-637 - Claim Calculation Worksheet - U.s. Department Of Housing And Urban Development
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1Title I Claim for Loss
U.S. Department of Housing
OMB Approval No. 2502-0328
(exp. 1/31/2003)
and Urban Development
(Part 3) Claim Calculation
Office of Housing
Federal Housing Commissioner
Worksheet
Yes
No
Was there a debtor complaint on this loan about the repairs?
If "Yes," how was it resolved? Please explain.
Yes
No
If this is a bankruptcy, has the payment plan been completed?
Show amounts and nature of all fees or money already collected from the debtor or other parties for charges related to this claim. If none, put zero.
If this is a Manufactured Home, please provide
a. State of Sale
b. Date of Notice of Sale
c. Date of Reposession
d. Date of Sale
Items shown below pertain to questions or data on Part 2 of this form in the same number order. Please complete all information
pertaining to this claim for loss and, where applicable, record the totals on Part 2 of the form after the data has been itemized below.
Questions regarding how to use this Worksheet should be directed to Title I Claims Examination.
1. Type of Loan: For Manufactured Homes only, please check the appropriate box
Single wide
Double wide
Over 32 ft.
a.
14 ft. to 18 ft.
b.
19 ft. to 28 ft.
c.
Triple wide 29 ft. to 32 ft.
d.
20. Deductions: Enter the greater of 1, 2, or 4 below on Part 2 of this form under 20d.
d. Best Price Obtainable
1. Appraised Value for "as is" condition _________________________
2. Gross Sales Price $
3. List Repairs and/or Other Items to make Marketable and deduct from Gross Sales Price
Repairs
Amount
__________________
__________________
__________________
__________________
__________________
Total Repairs $
4. Deduct Repair/Other Items from Gross Sales Price to determine ....
Net Sales Price $
Note: When there are no deductions under 4, use greater of Appraised Value or Gross Sales Price.
23. Additions
a. Repossession and Preservation Costs (Transportation NTE $1,000 per module). Note: Include Appraisal fee and Taxes.
Itemized Repossession
Amount
Itemized Preservation
Amount
___________________
__________________
___________________
__________________
___________________
__________________
___________________
__________________
___________________
__________________
___________________
__________________
___________________
__________________
Subtotal ................................
___________________
Subtotal ........................
__________________
Total Repossession and Preservation Costs $
c. Uncollected Court Costs: Item
Amount
1.
__________________
2.
__________________
3.
__________________
Total Uncollected Court Costs $
e. Recording Costs and Other Expenses
Types of Recording Costs
From Whom
To Whom
Amount
1.
1.
_________________
2.
2.
_________________
Types of Other Expenses
Amount
1.
_________________
2.
_________________
3.
_________________
Total Recording Costs and Other Expenses $
Previous edition is obsolete
ref. Handbook 1060.2
form HUD-637 (2/2000)
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