Notice of Foreclosure or Death of Borrower

In the event of a foreclosure, deed in lieu of foreclosure, or assignment of an FHA insured first mortgage to the Secretary of HUD, the Retention Agreement is terminated and may be released. In the event of the death of the owner(s) of the unit subject to lien, the Retention Agreement is terminated and may be released. 

Use the form “Notice of Foreclosure or Death of Borrower” to provide FHLB Des Moines (the Bank) notice of a foreclosure or death of the borrower. Instructions for release of lien in the event of death of the borrower are included in the form.     

Notice of Foreclosure or Death of Borrower