Items Tagged with 'Plywood'

ARTICLES

  • Goodbye plywood: Fannie Mae no longer allows plywood in pre-foreclosure

    Servicers must replace plywood on existing properties
    In November, Fannie Mae announced that mortgage servicers would be reimbursed for using clear boarding instead of plywood when securing houses that were in pre-foreclosure. That announcement was not retroactive, meaning it only applied to new pre-foreclosures. But that’s not the case anymore, as Fannie Mae announced this week that it is moving away from plywood entirely.
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  • Ohio becomes first state to ban plywood on vacant properties

    Fight against blight takes next step forward
    The fight against neighborhood blight took a giant step forward this week, as Ohio just became the first state to ban the use of plywood on vacant and abandoned properties. Under the state’s new laws, “no person shall use plywood to secure real property that is deemed vacant and abandoned.”
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