If you are a real estate agent, you probably want to know this — if you are listing a property in a new subdivision, new condo or townhome project and there are a limited number of,or no—comps, Fannie and Freddie now allow “unclosed” transactions to be used as comps. Contact me for details.

Rule Synopsis: Freddie Mac issued bulletin 2017-3 to address changes to: Collateral Rep and Warrant Relief Appraisal Desk Review for Seller/Servicers Appraisal Requirement Updates Comp sales selection changes for properties located in new subdivisions, PUDs and Condo projects Revisions of certain PUD requirements Interpretive Comments Collateral Representation and Warranty Relief: Effective for Mortgages evaluated through […]

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