legal non conforming rebuild letter

Grandfathering balances the private property rights of land owners against the public need to regulate land use. use and/or characteristics are legally non-conforming under applicable zoning or land use laws and regulations and the affected ImprovementsImprovementsBuildings, structures, improvements, and alterations, including the multifamily housing dwellings, now constructed or hereafter constructed or placed on the land upon which the Property is located, together with all fixtures (as defined in the Uniform Commercial Code). .blog-banner-shortcode .new-buttons { Neither my real estate agent or attorney nor the sellers agent have ever heard of a lender asking for a rebuild letter. Our team is available 7 days a week and guarantees 60-minute response times to inquiries via phone at 855-855-4491 or via email at jvmteam@jvmlending.com. REtipster does not provide legal advice. Be ok with walking away from the deal, likely lose my earnest money (right? It's nothing unusual. You agree that you are solely responsible for your own financial decisions, and release FHAnewsblog.com from any liability whatsoever regarding our Service or any causes of action arising from or relating to our Service. 4 0 obj For additionalinformation, seeB4-1.3-04, Site Section of the Appraisal Report. Rates Climbed 1% in February! Secondary suites are commonly permitted as a non-conforming use in the zoning district they are located in because . content: ""; display: block; Whenever an owner proposes to construct a new building or add to an existing structure on a nonconforming lot, or a business seeks to expand or alter a use that is now forbidden in the district, and either the building inspector issues a denial letter or a neighbor campaigns to stop it, estimation of the most likely outcome of ensuing . @media (max-width: 600px) { .blog-banner-shortcode ul Kiesling v. Long, No. This requirement applies to all property types. Non conforming structures and/or uses may be legal or illegal. The last client I had ask for a rebuild letter started the conversation by asking how much I would charge to get it for them. 1 0 obj } the municipality's local zoning requirements (e.g., green compliance for new buildings, etc. They will, however, lend against non-conforming properties (properties that are not typical for the area), as long as: JVM Lending prides itself on having some of the lowest rates available and our unique No Loan Officer Model. You can view our daily quoted rates and scenarios postedhere. -webkit-box-direction: normal; % A hard refresh will clear the browsers cache for a specific page and force the most recent If you still have Technical Support questions, We can get a burn letter or a letter from the zoning authority that states that the property can be rebuilt in its current use. Because rebuild letters are a matter of legal interpretation of city code for consideration by private counsel, the City of Fernley will not make any Visit Selling and Servicing Guide Communications and Forms. { height: 100%; 1415 Rexford Drive Certificate of Occupancy. The appraiser must report the specific zoning class in the appraisal, along with a general statement as to what the zoning permits, such as one- or two-unit, when they indicate a specific zoning such as R-1 or R-2. 4 0 obj } Any advice would be appreciated. Credit guidelines are set by the lender, typically with a 620 minimum credit score requirement. } endstream endobj 139 0 obj <>stream Site by WebCherry. personal property (per the Uniform Commercial Code). or building expansion on the premises, the pole sign shall lose its legal non-conforming status. A nonconforming building or structure lawfully established on or before the effective date of this title may be maintained although it does not conform to the area, height, yard, open space, landscaping, or visual clearance provisions of this title, except as otherwise provided in this section. Execution, Learning If you still have Technical Support questions, Attic and Crawl Space Inspection Requirements: clarifying that FHA requires an inspection. Sample 1. on a non-conforming PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the &)N;.=*3;;/W7:ODI_|z, JDH QDBi"fNDY_4BqT@2#qkU,h)L4{, ,@Uf3fzk"d uV*"XY/L,34M3b*pzYr&K5 position: absolute; Learn more atLearn more at Chicago.gov/COVIDVax. Primary Change If the Property's use and characteristics are a legal non-conforming use under applicable zoning font-weight: bold; cursor: pointer; Hoa Building Variance Approval Letter Pdf as you such as. { With the proper precautions, dealings in legal non-conforming structures can be both a rewarding and enjoyable way to hold Real Estate. Except as provided in this Section, a non-conforming use may be changed to any conforming use, and the applicable district bulk regulations and accessory off-street parking . If a property fronts on a street that is not typical of those found in the community, the appraiser must address the effect of that location on the value and marketability of the subject property. <>>> All of those criteria must be met if the improvements are to be considered as the highest and best use of a site. Non Conforming rental units in Los Angeles can be risky because if you get caught you will lose their income and also have to pay a relocation assistance fee. Non-conforming real estate refers to a structure that complied with zoning laws when erected but now no longer meets current regulations. Some products may not be available in all states and restrictions may apply. transition: 0.7s; A reader asked a question about this in our comments section recently: I have a family who wants to purchase a home on commercial zoned property. <>/Metadata 69 0 R/ViewerPreferences 70 0 R>> Term, 2016, 2017 WL 4786756 (Md. } We do not ask users to surrender or transfer title. 40:55D-68, the property owner did not have an absolut e right to rebuild a nonconforming stru cture partially destroyed by fire and margin-top: 0; flex-direction: column; FHANewsblog.com is a private company, not affiliated with any government agency, is not a lender and does not offer to make loans. Popular FHA topics include credit requirements, FHA loan limits, mortgage insurance premiums, closing costs and many more. -ms-transform: translateX(-100px) skewX(-15deg); content: ""; Whey would they refuse to abide by the rules you state?. Improvements, and The Appraiser must analyze and report any adverse effect that the non-conforming use has on the Propertys value and marketability, and state whether the Property may be legally rebuilt if destroyed." Speak to a lender if you aren't sure how these rules may apply to your transaction. The posted content contained on FHAnewsblog.com is for general information purposes only and is accurate and true to the best of our knowledge. border-radius: 6px; If public sewer and/or water facilities, those that are supplied and regulated by the local government, are not available, community or private well and septic facilities must be available and utilized by the subject property. transform: translateX(300px) skewX(-15deg); If the current improvements clearly do not represent the highest and best use of the site as an improved site, it must be indicated on the appraisal report. Basic Research/Rebuild Letter. Credit Monitoring For First-Time Home Buyers, FHA One-Time Close Construction Loan Limits Are Higher In 2023. } .blog-banner-shortcode .banner-blog-shortcode-button @media(max-width: 768px) Copyright JVM Lending 2023. %%EOF -webkit-transform: translateX(-100px) skewX(-15deg); Ann. C. Whenever a structure is damaged less than fifty percent (50%), the structure shall be replaced to its legal nonconforming status or replaced with a structure in conformance with the code. -o-transition: 0.7s; On an annual basis or any specified period, the ratio of Net Cash Flow to the total of: principal, interest, andrequired Mezzanine Financing or Hard Preferred Equity payments. There are restrictions on legal non-conforming uses and legal non-complying buildings. Fannie Mae will not purchase or securitize a mortgage secured by a property that is subject to certain land-use regulations,such as coastal tideland or wetland laws, that create setback lines or other provisions that prevent the reconstruction ormaintenance of the property improvements if they are damaged or destroyed. to a level that would support a minimum 1.00 amortizing DSCRDSCROn an annual basis or any specified period, the ratio of Net Cash Flow to the total of: principal, interest, andrequired Mezzanine Financing or Hard Preferred Equity payments. buying two houses per month using BRRRR. Fannie Mae only purchases or securitizes mortgage loans on properties if the improvements constitute a legal conforming use of the land. The municipal code recognizes five basic categories of legal nonconformities: Nonconforming lots of record. { The reader question doesnt address the legal non-conforming issue mentioned above. About FHANewsBlog.com -ms-flex-direction: column; Our blog is for general educational and informational purposes only, and should not be construed as advertising or relied upon as legal advice. fee simple or Leasehold interest, However, Fannie Mae will purchase or securitize a mortgage for a property that constitutes a legal, nonconforming use of the land provided that the appraisal analysis reflects any adverse effect that the nonconforming use has on the value and the marketability of the property. If non-conformance would result in a loss of 20% or more of the Property's unit count, confirm the Improvements can be reconstructed per current zoning requirements and building codes to a level that would support a minimum 1.00 amortizing DSCR in case of <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 16 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> width: 60px; Applications require a $150 filing fee. -webkit-transform: translateX(300px) skewX(-15deg); Generate a Rebuild Letter (Restoration of Damaged Nonconforming Buildings) A self-serve, online system that generates the "Rebuild Letter" to confirm rebuild-ability rights for buildings. .blog-banner-shortcode ul li:hover:first-child .banner-blog-shortcode-button Residential lenders will not lend against properties that have commercial use. REBUILD AND/OR LEGAL NON-CONFORMING USE DETERMINATION: Zone(s) of parcel, use of premises, date of . 1485, Sept. When a structure with nonconforming elements is partially damaged or totally destroyed beyond control of the property owner, the structure may be rebuilt, provided that such rebuilding does not result in the building that is more out of compliance than the building being replaced and provided that a building permit to replace the structure is definition, a nonconforming use or structure is one in which the use or structure was legally permitted prior to a change in the law, and the change in law would no longer permit the re-establishment of such structure or use. For the purposes of this Chapter, a change of use is a change to another use listed in the same or any other Use Group. We do not offer or have any affiliation with loan modification, foreclosure prevention, payday loan, or short-term loan services. b. A rebuild letter states whether the existing structure is conforming or non-conforming and whether it may or may not be rebuilt in the event that the structure is damaged or completely destroyed. This letter would state the entitlement of the property owner to rebuild the property to its original footprint. Center, Apps font-weight: 700; These legal nonconforming uses are allowed to continue. personal property (per the Uniform Commercial Code). } A), 6/11/13; Ord. Questions about this article? Events, Community-Owned or Privately Maintained Streets, B4-1.3-05, Improvements Section of the Appraisal Report, B4-1.4-08, Environmental Hazards Appraisal Requirements, B7-3-06, Flood Insurance Requirements for All Property Types, How to do a hard refresh in Internet Explorer. I have a legal non conforming property which,in theevent of a fire, they need to knowI can rebuild as is. Thanks, Paul Philadelphia, Pennsylvania 0 Votes justify-content: center; This question is in reference to a 2011 blog post titled, Can I Get An FHA Loan For A Commercial Property? The FHA loan rules quoted in that post have since been superseded in their entirety by HUD 4000.1, though some rules may have transferred more or less intact. The lenders are refusing to allow an FHA residential loan for the property. If a property constitutes a legal, non-conforming use of the land and is a one- to four-unit property or a unit in a . . To obtain a Rebuild Letter, download the form below. I am also half way around the world, so finding it tricky to get them on the phone. .blog-banner-shortcode .new-buttons a.new-btn:before { -webkit-justify-content: center; Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. We know how big of a milestone it is to purchase a home and our Super Team of Mortgage Analysts is available to help guide you through the process every step of the way. #top #wrap_all .blog-banner-shortcode #blog-banner-shortcode-subheading For information regarding accessory units that comply or do not comply with zoning, see B4-1.3-05, Improvements Section of the Appraisal Report. NOTE: Rebuild and/or Legal Non-Conforming Use Determination Letters taken a minimum of seven (7) working days to complete once For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. and the appraiser marks "Legal Non-Conforming" because the . text-align: center; . Guide Update 21-03: Legal Non-Conforming Use Effective: 03/29/21 Retired: 04/15/22 Summary of Changes HIGHLIGHTS Effective for Mortgage Loans Committed on or after March 29, 2021, the legal non-conforming use requirements were clarified. I reached out to the zoning department but not getting anywhere with them. .blog-banner-shortcode ul Additional information may be required. Any non-residential use of the Property must be subordinate to its residential use, character and appearance. First-Time Homebuyers = Expansive Term; Maximum Age For Mortgage; Competitors Come to Us, We can get a letter from the zoning authority (city or county) that says the residential use is allowed; and. He welcomes your inquiries. Execution, Learning What Credit Score Is Needed For An FHA Mortgage? Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. How are FHA home loans affected by zoning laws? He can be reached at our toll-free number (855) 376-5291 or by email at fniemann@hnlawfirm.com. 3 0 obj Sat Sun: 10am 5pm*, *60 minute response times during operating hours. fee simple or Leasehold interest, CA Home purchase S=`z&f3j I^VcVZbz&-4;z`)aNuU(X^THTunc transform: translateX(-100px) skewX(-15deg); David Greene shares the exact systems he used to scale his The COVID-19 vaccines are safe and effective, and are an important tool for ending the global pandemic. The presence of sidewalks, curbs and gutters, street lights, and alleys depends on local custom. The VA One-Time Close is a 30-year mortgage available to veteran borrowers. The opinions presented on FHAnewsblog.com should not be construed as representing the official opinions of any government agency. I guess I'm asking two things. Mandan, Mr. Barta, would reissue a "rebuild letter". Legal nonconforming rights are one of the most powerful protections afforded to landowners under land use planning law. %PDF-1.7 % -webkit-transition: 0.7s; legal non-conforming use means and refer to a use of real property that was in compliance with zoning regulations at the time the use was established, but which, because of subsequent changes in those regulations, is no longer a permitted use. It has only (1) Certificate of Occupancy recorded with the city of Los Angeles and that CofO says it's a legal 10 unit apartment building. Contact Us. real estate business from buying two houses per year to SecureRights Advertiser Contact Information. padding: 0; -webkit-transform: translateX(300px) skewX(-15deg); This treatment recognizes that the existing improvements should continue in use until it is financially feasible to remove the dwelling and build a new one, or to renovate the existing dwelling. Illegal nonconformities are structures or uses built without a permit and violates a portion of They are not retroactive. The property is in a strictly residential neighborhood - no confusing zoning at all. } However, the lender is required to indemnify Fannie Mae (as described in A2-1-03, Indemnification for Losses) against all losses incurred by Fannie Mae as a result of the physical condition of the street or in order to establish and/or retain access to the street. . background: #FBAE42; position: relative; Both our New Hampshire Constitution and land use laws protect . Click "Download" to save the changes. In this book, author and investor background: rgba(255, 255, 255, 0.5); & Insights, Pricing & HR0!M&p:"Kwv~%Q Look for another lender. They are prospective not retrospective in nature. The Appraiser must analyze and report any adverse effect that the non-conforming use has on the Propertys value and marketability, and state whether the Property may be legally rebuilt if destroyed.. { Enter the associated parcel/tax schedule number or change the search type by using the drop menu. feel free to email. -webkit-filter: blur(5px); The appraisal must include the actual size of the site and not a hypothetical portion of the site for the subject property. For additional information concerning Fannie Maes policies on flood insurance, see B7-3-06, Flood Insurance Requirements for All Property Types. Great Opportunity For Buyers! padding: 18px 30px; opacity: 0; The appraised value must reflect the entire 40acre parcel. height: 100%; Please contact Fredrick P. Niemann, Esq. background: #0B879A; Accessory Dwelling Units: emphasizing Highest and Best Use to determine property type of classification. (Ord. The developer will suffer a loss because instead of building additional units, he must now set aside space for the parking area. Fannie Mae will only purchase or securitize a mortgage that represents the highest and best use of the site as improved. margin: 0; 1 0 obj This Is SHOCKING! Always identify the feature that does not conform to current zoning. This is an issue under the zoning by-laws. opacity: 0.5; text-decoration: none; The appraisers highest and best use analysis of the subject property should consider the property as it is improved. align-items: center; display: flex !important; .blog-banner-shortcode .new-buttons a.new-btn:hover { 1850 Mt Diablo Blvd, Suite 140, <> The agreement or covenant should include the following provisions and be recorded in the land records of the appropriate jurisdiction: responsibility for payment of repairs, including each partys representative share; default remedies in the event a party to the agreement or covenant fails to comply with theirobligations; and. The non-residential use of the Property must be legally permitted and conform to current zoning requirements.. 1. The theory of legal non-conforming uses and legal non-complying buildings and structures is that they will eventually die out and fade away. More Definitions of legal non-conforming use. For informational purposes only. You can contact JVM Lendings team if you have any questions about property types, mortgage interest rates, or getting pre-approved for a home loan. The appraiser must comment on any adverse conditions and address their effect on the value and marketability of the subject property. (or attach a legal description i.e. overflow: hidden; If a nonconforming use structure is destroyed or partially destroyed by fire or similar occurrences, zoning ordinances generally provide that if it is destroyed beyond a certain percentage, it cannot be rebuilt. gap: 12px; The sellers are understandably upset that the closing date will likely be pushed back waiting for this letter and have suggested through their lawyer that they'll likely walk away if the deal doesn't stay on track. The appraiser must consider the present or anticipated use of any adjoining property that may adversely affect the value or marketability of the subject property. } -ms-transform: translateX(-100px) skewX(-15deg); Whey would they refuse to abide by the rules you state?" Improvements, and , you should consider: Joint and Several Borrowers with Multiple Properties, Subordination, Non-Disturbance and Attornment, Tenant Estoppel Certificate; Lease Modification, Acceptable Renewable Energy Generation Systems, Underwritten Net Cash Flow (Underwritten NCF), Property Previously Secured Bond Financing, Exception for Taxes, Assessments, or Other Lienable Items, Environmental Protection Lien Endorsement, Uniform Commercial Code (UCC) Financing Statements, Creating and Perfecting the Security Interest, General Insurance Applies to All Policies, Blanket and Other Policies Covering Multiple Properties, Business Income (including Rental Value) Insurance, Boiler and Machinery / Equipment / Mechanical Breakdown Insurance, Risk Retention Groups and Captive Insurance, Directors and Officers Liability Insurance, HPB Module, HPB Report, and Technical Solar Report Scoring, HPB Module, HPB Report, and Technical Solar Report Approval, Dependency and Medicaid Transition Reserve, Management, Operations, and Regulatory Compliance, Collateral; Tenant-Occupied and Affiliate-Owned Homes, Public Roadways, Private Interior Roadways, and Drives, Eligible Characteristics and Underwriting, Ineligible Characteristics and Underwriting, Affordable Regulatory Agreement Restrictions, Lien Priority and Title Insurance Policy, Additional Underwriting and Loan Documents, Properties with Both HAP Contracts and LIHTC Units, Transactions Funded with Tax-Exempt Bond Proceeds, Fannie Mae Credit-Enhanced Tax-Exempt Bond Issuance, Borrowers, Key Principals, Guarantors, and Principals, Lender FHA Risk Sharing Reserve and Loss Sharing Modifications, Cooperative Market Rental Basis NCF (Underwritten NCF), Cooperative Market Rental Basis DSCR (Underwritten DSCR), Small Mortgage Loan Underwritten NCF (Underwritten NCF), Site Inspection by Lender or Other Third Party, Prepayment Option 1 Declining Prepayment Premium Schedule, Prepayment Option 2 - 1% Prepayment Premium Schedule, Including the Cap Cost Factor in the Variable Underwriting Rate, Interest Rate Cap Contract Documentation and Delivery, Borrower, Guarantor, Key Principals, and Principals, Interest Rate Determination and Rate Lock, UCC Continuations, Amendments, and Terminations, Releasing/Reducing Letters of Credit or Other Collateral, Monthly Securitized Mortgage Loan Security Balance Reporting, Same Month Pooling Security Balance for First Reporting Cycle, Security Balances Due by Second Business Day, Monthly MBS Mortgage Loan Reconciliations - Pool-to-Security Balance Reconciliations (Not Applicable to PFP MBS), Required Annual Adjustment to Correct Principal Balance vs. Security Balance Difference, Pool-to-Security Reconciliation Certification, Adjustable Rate Mortgage Loan Interest Rate Changes and Required Monthly Payments, Monthly Reporting for ARM Loan Payment/Rate Changes, Delinquency Advances on a Mortgage Loan other than a Credit Enhancement Mortgage Loan, Delinquency Advances on a Credit Enhancement Mortgage Loan, Servicing Advances on a Mortgage Loan other than a Credit Enhancement Mortgage Loan, Servicing Advances on a Credit Enhancement Mortgage Loan, Duration of Payment of Delinquency Advances or Servicing Advances, Reimbursement for Delinquency and Servicing Advances, Repayment of Servicing Advances from Borrower, No Capitalization of Servicing Advances for Securitized Mortgage Loans, Monthly P&I Remittance Due Dates for Cash and MBS Transactions, Additional Requirements for Monthly Remittance for Security Transactions, Securitized Mortgage Loans Remitting Fees to Fannie Mae, Guaranty Fee Due on 7th Calendar Day of Month, Same Month Pooling Interest and Guaranty Fee Remittance for First Reporting Cycle, Notification to Fannie Mae if Unable to Have Funds Available on any Remittance Date, Review of Applicable Loan Documents Required, Notification of Prepayment; Timing of Prepayment, Notice and Timing Consistent with Loan Documents, Borrower Notice Must Contain Date of Intended Prepayment and Comply with Notice Requirements of the Loan Documents, Loan Document Requirements for Payoff and Lockout Dates, Notice to Fannie Mae of Proposed Payoff; Use of Fannie Mae Payoff Calculator, Timing of Confirmation of the Full Prepayment Payoff Amount, Full Prepayment for Cash Transactions and PFP MBS, Confirming the Full Prepayment Payoff Amount, Full Prepayment for Securitized Transactions (Not Applicable to PFP MBS), Fannie Mae Approval Required for Partial Prepayments, Prepayment Premium Due on Partial Prepayment, Reporting and Remitting Partial Prepayments When Not Permitted in Loan Documents, Reporting and Remitting Partial Prepayments When Permitted in Loan Documents, Reporting and Remitting Partial Prepayments, Yield Maintenance Prepayment Premiums Prepayment Occurs Before the Yield Maintenance Period End Date, Calculation of Investors Share of Total Prepayment Premium for a Securitized Mortgage Loan, Calculation of Fannie Maes Share of Total Prepayment Premium, Calculation of Servicers Share of Total Prepayment Premium, Yield Maintenance Prepayment Premiums Prepayment Occurs On or After the Yield Maintenance Period End Date, Prepayment On or After Yield Maintenance Period End Date, Fixed Rate Mortgage Loans with Graduated Prepayment Premiums, Prepayment Premiums for ARM Loans and Structured ARM Loans, Prepayment Premium Waivers; Servicers Share of Prepayment Premium, Servicer Notification of Payoff Amount to Borrower, Calculating and Obtaining Confirmation of Payoff Amount, Fannie Mae Will Not Confirm Nor Is Responsible for Amounts Owing to Servicer, Fannie Mae Confirmation of Full Payoff Amount, No Quote to Borrower Until Fannie Mae Confirmation, Reporting the Payoff and Remitting the Payoff Funds, Reporting Full Payoff Amount Through the eServicing System Due By 2nd Business Day of Month, Post Payoff Document Retention Requirements, Monthly Bond Credit Enhancement Reporting, Monthly Remittances of Scheduled Payments to Bond Trustee, Replenishment of Withdrawals from the PRF, Collection and Remittance of Borrower Reimbursement Obligations for Fannie Mae Advances, Notice and Collection of Other Fees and Expenses, Bond Redemption Premiums Payable to Bondholders, Termination Fee or Prepayment Premium Payable to Fannie Mae, Termination When No Prepayment Occurs; Weekly Variable Rate Transactions, Mortgage Loan Documents Must Permit Defeasance, Notifying the Internal Revenue Service about Abandonments or Acquisitions (IRS Form 1099-A), Notifying the Internal Revenue Service about Cancellations of Indebtedness (IRS Form 1099-C), Coordination with Reporting Abandonments or Acquisitions, Borrower's T&I Impositions and Custodial Accounts, Monitoring Compliance with Loan Documents, Servicer Certification When Fannie Mae Approval Is Not Required, Servicer Certification When Fannie Mae Approval Is Required, Submitting the Request for Subordinate Financing, Funds as Additional Security for Mortgage Loan, Waiver or Modification of Terms of Collateral Agreement, Achievement Agreement or Other Agreement for Additional Collateral, Draws on Letters of Credit or Application of Other Collateral, Releasing Additional Escrows for Principal and Interest, Taxes and Insurance, and Replacement Reserves, Completion/Repair Loan Document Amendments, Green Rewards Efficiency Measure Verification, Replacement Reserve Loan Document Amendments, Modifications to Replacement Reserve Deposits, When Replacement Reserve Funding Was Partially or Fully Waived, Items Eligible for Funding from the Replacement Reserve, Items Not Eligible for Funding from the Replacement Reserve, Return of Replacement Reserve Funds to Borrower, Alternative Funding of Replacement Reserves for Portfolio Mortgage Loans, Replacement Interest Rate Hedge and Notification, Replacement Interest Rate Hedge Documents and Follow Up, No Financing for Property and Liability Insurance Premiums, Flood Map Changes; Obtaining Flood Insurance, Servicers Administrative Costs and Expenses, Required Casualty Loss Property Inspection, Documentation for Required Casualty Loss Property Inspections, Endorsement of Insurance Loss Draft or Check When Payable to Fannie Mae, Endorsement of Insurance Loss Draft or Check When Not Payable to Fannie Mae, Insurance Loss Draft or Check Not Payable to Either Fannie Mae or Servicer, Borrowers Failure to Diligently Pursue Repair, Decisions Delegated by the Delegated Transaction Form 4636 series, Supplemental Mortgage Loans Not Permitted, Decisions and Actions Delegated and Not Delegated, Seniors Housing Expansion/Conversion Requests, Request Changes in Unit Count/Mix in the MAMP, Bond Transactions and Credit Enhancement Mortgage Loans, Compliance Issues Relative to Bond Credit Enhancement Transactions, Monitoring Compliance; Notification of Noncompliance, Default Notice for Failure to Comply with the Bond Documents, Multifamily Affordable Housing (MAH) Properties, HAP Contract Approval and Releasing Restabilization Reserve, Quarterly Financial Analysis of Operations, Borrower Fails to Provide Guarantor Financial Reports, Lender Tenders for Minor or Immaterial Defaults, Definition of Non-Performing Mortgage Loan, Partial Payments by Borrower Do Not Change Date of Default, Timing for Imposition of Late Charges and Default Interest, No Deduction for Late Charges or Default Interest, Enforceability of Late Charges and Default Interest, Notice to Fannie Mae of Performance Default, Full Payment After Expiration of Period Before Assessing Late Charges, Copies of Letters Sent to Borrower; Correspondence with Borrower, Funding Capital Repairs During Default Resolution, Documenting the Property Management Change, Servicer Performs Loss Mitigation Actions, Servicer Workout Action Template (SWAT), Fannie Mae Performs Loss Mitigation Actions, Election and Implementation of a Course of Action, Course of Action Lender Purchase of Mortgage Loan, Course of Action Lender Workout Election, Documentation and Terms of Lender Workout, Lender Workout Has No Impact on Loss Sharing or Recourse Obligation, Servicer Makes Delinquency Advances But Fails to Report Mortgage Loan Delinquent, Foreclosure Process Continues Unless Otherwise Agreed to by Fannie Mae, Delinquency Advances Must Be Made During Negotiation of Joint Workout, Modification, Extension, and Forbearance Fees, Management of Property Post Title Vesting in Fannie Mae, Course of Action Note Sale Election or Discounted Loan Payoff, Note Sale and Discounted Loan Payoff Defined, Any Note Sale or Discounted Payoff Gives Rise to Loss Sharing Event, Note Sale Secondary Risk Mortgage Loans, Discounted Loan Payoff - Secondary Risk Mortgage Loans, Calendar Days 31 through 60 after a Payment Default or Performance Default, No Disclosure of Lenders Contract Terms to Borrower; Borrower Not a Third-Party Beneficiary of Lender Contract, Asset Audits for Secondary Risk Mortgage Loans, Special Requirements for the Environmental Assessment, Appraisal Notice and Election of Appraisal Methodology.