Variances
Frequently Asked Questions

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Any Variance associated with Special Forbearance, Loan Modification, Partial Claim or Deed-in-Lieu of Foreclosure eligibility criteria or servicing guidelines is required to be submitted, on company letterhead to NSC-Oklahoma City.

Any Variance associated with the Preforeclosure Sale Program is to be submitted on form HUD-90041, Request for Variance Procedure. This same form is also to be utilized to request an Extension of Time pertaining to the Preforeclosure Sale Program.
All Variances are considered on a case-by-case basis. Requests are to be faxed to (405) 609-8405.

Variance is NOT required - PFS and/or DIL - Owner Occupancy

The mortgagor must occupy the property as a principal residence to be eligible for any of the reinstatement options (Special Forbearance, Loan Modification or Partial Claim). Mortgagees are authorized to grant reasonable exceptions to non-occupant mortgagors seeking relief through Preforeclosure Sale (PFS), or Deed-in-Lieu of Foreclosure (DIL) when it is clear that the subject property was not purchased as a rental investment, or used as a rental for more than 18 months. Justification for the above exceptions must be documented in the claim review file.