How to close mortgages under litigation

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Closing condos under litigation: Fannie Mae now gives lenders a way out

Apr 10, 2018By

Fannie Mae finally updated their litigation requirements on condominium projects! The guidelines now allow the lender more flexibility to determine, with confidence, whether litigation is minor or major, what is considered minor, and provide a way for lenders to warrant the project despite the litigation. Here’s how.

3d rendering of a row of luxury townhouses along a street

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