Final answer:
Foreclosure proceedings on an FHA loan can begin after a client has missed payments and is not undergoing loss mitigation, with the time frame set by the Department of Housing and Urban Development.
Step-by-step explanation:
Foreclosure proceedings on an FHA loan can begin after a specific period once a client has missed payments and is not being evaluated for loss mitigation.Previous guidance, such as that mentioned regarding difficulties faced by farmers, illuminates the broader challenges of foreclosure beyond the individual homeowner's scope. For those with FHA loans, the Department of Housing and Urban Development (HUD) determines the rules, including when foreclosure can initiate after missed payments. The exact timeline can vary based on regulatory changes and specific circumstances of the borrower.