Mortgage Miracles Happen
Mortgage Miracles Happen

Latest News

Recent news from Mortgage Miracle Happens

By Around the Web Fannie Mae is revising its policy concerning priority of common expense assessments for mortgages secured by units in condo and planned unit development (PUD) projects to permit no more than six months of regular common expense assessments to have priority over Fannie Mae’s mortgage lien. This policy change does not apply to projects located in a jurisdiction that enacted a law on or before January 14, 2014 that provides for such lien priority for a period greater than six months (for example, Connecticut and Florida). If applicable state law allows for greater than six months of lien……(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Read More…