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ibpsycho61 · Joined: 02 Jan 2010 Posts: 2 1.33 Dollars($)

My mother had an FHA loan for a house. She paid it off some years ago. She recently passed away. Going through her papers I found a letter from rural development centralized servicing center about the balance on the recapture receivable account. It said she may continue to defer payment until she transfers the title or vacates the property. Now that she's dead do we, her children, have to pay that recapture? Or only if we sell the house? I really need an answer quick on this if anybody has any info it would be greatly appreciated.

raymond · Posted: Sun Jan 03, 2010 10:48 am Post subject:

What's the date on that letter? USDA requires any recapture to be paid in full when a home is sold or refinanced, so they should have received payment when the FHA mortgage was originated. I don't understand how they can request the recapture fee after the FHA loan was originated.

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