endstream endobj 139 0 obj <>stream The Department of Planning and Development issues Rebuild Letters for properties that are located within the City of Chicago. A Rebuild Letter states that an existing structure (conforming or nonconforming) may or may not be rebuilt in the event that the structure is partially or fully damaged or destroyed. transition: 0.7s; 40:55D-68, the property owner did not have an absolut e right to rebuild a nonconforming stru cture partially destroyed by fire and Based on 1 documents. 1 0 obj Legal nonconformities are structures or uses that have received building and zoning permits previously under the regulations in place at the time of construction. } garage within a required setback, show that the building was lawfully constructed or converted with an approved building permit. Thanks, Paul Philadelphia, Pennsylvania 0 Votes Nonconforming use, buildings or lots are those which were legally established, but do not fit with the current zoning ordinance, typically due to subsequent changes in zoning. (For best result, pose your search like a question. information from other Fannie Mae published sources. 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. 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). By searching the title, publisher, or authors of guide you really want, you . fee simple or Leasehold interest, 4 0 obj 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. HUD 4000.1 adds: The Appraiser must determine if current use complies with zoning ordinances. 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. 51-00 Purpose of Regulations Governing Non-Conforming Uses and Non-Complying Buildings. The non-residential use of the Property must be legally permitted and conform to current zoning requirements.. 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. background-color: #fe952c; display: flex; However, a change in ownership or occupancy shall not, by itself, constitute a change of use.. Both our New Hampshire Constitution and land use laws protect . & Insights, Pricing & This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. "@Jp s9cKQ C %WAb :$xL6&FUFgy` 17.140.050 Illegal nonconforming uses or structures as public nuisance. } A), 6/11/13; Ord. flex-direction: column; filter: blur(30px); Neither FHAnewsblog.com nor its advertisers charge a fee or require anything other than a submission of qualifying information for comparison shopping ads. 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. endstream endobj 136 0 obj <>/Metadata 17 0 R/Names 168 0 R/Pages 133 0 R/StructTreeRoot 39 0 R/Type/Catalog>> endobj 137 0 obj <>stream "metes & bounds): _____ _____ Existing Land Use & Conditions: Description (briefly describe all . 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. What is a Rebuild Letter? Contact Us. I was about toclose on arefi when my mortgage company through me a curve ball needing a structural report anda rebuild letter. This letter would state the entitlement of the property owner to rebuild the property to its original footprint. 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. It is important to note that all zoning by-laws are forward looking. Note: If the property is located within a state that has statutory provisions that define the responsibilities of property owners for the maintenance and repair of a private street, no separate agreement or covenant is required. A typical local ordinance may state, for example: "a nonconforming use . justify-content: center; 2 0 obj .blog-banner-shortcode ul li font-size: 22px; SecureRights Advertiser Contact Information. fee simple or Leasehold interest, A building or structure nonconforming due to parking standards may be occupied by any use permitted in the zone in which it is located subject to the limitations and conditions governing such use as specified in the zone; provided, that: 1. David Greene shares the exact systems he used to scale his Illegal nonconformities are structures or uses built without a permit and violates a portion of } list-style-type: none; Kiesling v. Long, No. opacity: 0.5; However, Fannie Mae will purchase or securitize a mortgage for a property that constitutes a legal, non-conforming use of the land provided the use of the land and the appraisal analysis reflects any adverse effect that the non-conforming use has on the value and the marketability of the property. Enter the associated parcel/tax schedule number or change the search type by using the drop menu. Current non-conforming uses are often allowed or grandfathered in, but such uses often cannot be reconstructed if a fire destroys the property. the municipality's local zoning requirements (e.g., green compliance for new buildings, etc. existing non conforming lot the intention is to tear down and rebuild a new single family residence with a 2 car garage the proposed new home 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 or maintenance of the property improvements if they are damaged or destroyed. real estate business from buying two houses per year to That said, anytime you encounter older FHA loan information that references HUD 4155.1 or other rulebooks, its best to double check your information with the current requirements as listed in HUD 4000.1. 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. Non-residential use may not impair the residential character or marketability of the Property. -o-transition: 0.7s; % . The COVID-19 vaccines are safe and effective, and are an important tool for ending the global pandemic. margin-bottom: 32px; You cannot stop the use you were making of the property and then start it again later. { } Any pole sign which loses its legal non-conforming status shall be removed by the later of January 1, 2015, or six months after such change of status. overflow: hidden; s ability to rebuild 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). Joe Wallace has been specializing in military and personal finance topics since 1995. The intent of these types of land-use regulations is to remove existing land uses and to stop land development, including the maintenance or construction of seawalls, within specific setback lines. flex-direction: column; { As the statute is written today, however, owners of nonconforming structures are not entitled to simply rebuild what they had before the storm. 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. This requirement applies to all property types. top: 0; Mortgage debt obligation evidenced, or when made will be evidenced, by This requirement appliesto all property types. Identifythe current zoning or land use designation. display: flex; .blog-banner-shortcode .new-buttons a.new-btn:hover { line-height: 23px; 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. Subscribe here to have our renowned blog emailed daily. The appraisal must indicate whether the subject property presents. B. . In the A and R Zones, any nonconforming use of a building first permitted in the MR1 or less restrictive zone shall be discontinued within five years from June 1, 1946, or five years from the date the use becomes nonconforming, whichever date is later. #top #wrap_all .blog-banner-shortcode #blog-banner-shortcode-subheading .blog-banner-shortcode .new-buttons a.new-btn:before { (855) 855-4491 | DRE# 1197176, NMLS# 310167. There are three main categories of applications in relation to legal non-conforming uses that can be brought to the Committee: Enlargement or Extension of a Building or Structure. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. 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. He is going to petition them to waive the request for this letter. 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 Oct. 24, 2017), discusses the granting of authority to rebuild a house that was non-compliant with current zoning laws, after it was destroyed by casualty.. Jean Marie Jones and her husband owned 3505 Beach Road in Middle River, Baltimore County. 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. { -webkit-transform: translateX(300px) skewX(-15deg); position: absolute; height: 100%; Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. A legal nonconforming use is a use of lands or structure which was legally established according to the applicable zoning and municipal building laws at the time, but which does not meet current zoning and building regulations. We encourage users to contact their lawyers, credit counselors, lenders, and housing counselors. 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. feel free to email. the effective term of the agreement or covenant, which in most cases should be perpetual and binding on any future owners. To apply for a rebuild letter ( PDF or Word ), please follow the instructions on the application for submittal. (or attach a legal description i.e. Sample 1. } Private well or septic facilities must be located on the subject site, unless the subject property has the right to access off-site private facilities and there is an adequate, legally binding agreement for access and maintenance. If a use of land, a building, or a structure was legal on Monday, a zoning by-law passed that day cannot render it illegal by Tuesday. Legal Non-Conforming structures can be an excellent way to diversify an investment portfolio. { fee simple or Leasehold interest, @media (max-width: 600px) { Always identify the feature that does not conform to current zoning. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. It is clearly residential use in commercial zoning. Whey would they refuse to abide by the rules you state?. The lenders are refusing to allow an FHA residential loan for the property. Apparently this is because the property was a single family home that was converted to 3 condo units. If Property is legal non-conforming, evidence of zoning code's rebuilding requirements to rebuild the current improvements in case of casualty or condemnation. The use has the same or lesser parking requirement as the existing or previous use; or 2. Is it possible the appraisal resulted in a legal nonconforming declaration that the lender wasnt happy with? Site by WebCherry. 1. For informational purposes only. I guess I'm asking two things. He was Managing editor for www.valoans.com for (8) years and is currently the Associate Editor for FHANewsblog.com. (Meaning as long as they rebuild a restaurant, it doesn't necessarily need to be "classy"). transition: 0.7s; FHANewsBlog.com is privately funded and is not a government agency. Our blog is for general educational and informational purposes only, and should not be construed as advertising or relied upon as legal advice. & Insights, Pricing & Be ok with walking away from the deal, likely lose my earnest money (right? Because amenities, easements, and encroachments may either detract from or enhance the marketability of a site, the appraiser must reflect them in the analysis and evaluation. To obtain a Rebuild Letter, download the form below. <> All of those criteria must be met if the improvements are to be considered as the highest and best use of a site. <>/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>> <>>> ). .blog-banner-shortcode ul li If you have questions about the purchase process, you can also view ourPurchase Process Overview here. Nonconforming land uses are not defined by New York state statutes but are defined in most local zoning codes. The owners of the subject property must have the right to access those facilities, which must be viable on an ongoing basis. %PDF-1.7 For information regarding accessory units that comply or do not comply with zoning, see B4-1.3-05, Improvements Section of the Appraisal Report. I reached out to the zoning department but not getting anywhere with them. <> { Non-conforming real estate refers to a structure that complied with zoning laws when erected but now no longer meets current regulations. If the use of comparable sales demonstrates that the improvements are reasonably typical and compatible with market demand for the neighborhood, and the present improvements contribute to the value of the subject property so that its value is greater than the estimated vacant site value, the appraiser should consider the existing use as reasonable and report it as the highest and best use. $718: Email application to ZoningQuestions@sanjoseca.gov: 2 weeks Legal Non-Conforming. Posted in: FHA Requirements Tagged with: { Multifamily residential real estate securing the Mortgage Loan, including the Action shall be immediately commenced for abatement, removal and . { What I've learned is a rebuild letter states that if the property is destroyed by fire that it can be reconstructed to correspond to its present use. The authors have written thousands of blogs specific to FHA mortgages and the site has substantially increased readership over the years and has become known for its FHA News and Views. $2,792: see above: 2 weeks Pay Lending Establishment. . -webkit-transition: 0.7s; Given the range of interpretation of zoning uses, landowners who want to change a legal non-conforming use to a related use may walk a thin line somewhere between points 3 and 4 above, at the risk of prosecution. 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. Mon Fri: 8am 6pm* Rates, terms, programs and underwriting policies subject to change without notice. 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. x\}o- LEGAL NON-CONFORMING USE DETERMINATION LETTER ($176.00) _____ COMPLIANCE INSPECTION AND LETTER ($301.00) _____ Fees: Submittal of this application and review fee is required in order to process this application (checks payable to the City of . or building expansion on the premises, the pole sign shall lose its legal non-conforming status. -webkit-transform: translateX(-100px) skewX(-15deg); Fannie Mae only purchases or securitizes mortgage loans on properties if the improvements constitute a legal conforminguse of the land. This is not an offer to extend credit or a commitment to lend. padding: 32px; %Y"j idPZk~TTTT+EYb |aII$~DN|+k=ijH|3!Ez+$)1s%kiQ$&tVP|[L?aDHNNJ* The structure is non-conforming structure that doesn't meet setback requirements as required in section 10.123 of the Gnesen Township Ordinance. We often get asked about non-conforming properties, such as residential properties in areas that are zoned commercial, or multiple units on one lot with ambiguous zoning. a legal non-conforming (grandfathered) use, an illegal use under the zoning regulations, or. Basic Research/Rebuild Letter. 0 For additional information concerning Fannie Maes policies on flood insurance, see B7-3-06, Flood Insurance Requirements for All Property Types. content: ""; .blog-banner-shortcode ul li Prohibit expansion of use. owner to reconstruct the interior of a commercial garage, which was a non-conforming use under current zoning ordinances when it was damaged by a fire, without a site plan review; notwithstanding N.J. Stat. Any advice would be appreciated. This is Chicago, houses, factories, commercial spaces, etc are converted to condos all the time. -o-transition: 0.7s; His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications. { -webkit-transition: 0.7s; The zoning compliance must be either legal non-conforming or legal conforming; however, if a . Residential lenders will not lend against properties that have commercial use. font-size: 18px; Properties with a Legal Non-Conforming Use: requiring the appraiser to comment if improvements can be rebuilt by right. I've talked to the lender, someone at the collateral review department is requesting this letter. Center, Apps Has anyone had experience with getting a rebuild letter from Philadelphia? personal property (per the Uniform Commercial Code). Learn more atLearn more at Chicago.gov/COVIDVax. Subscribe to JVM's monthly newsletter to stay up-to-date on housing, mortgages, and interest rates. endobj They speak to the future and not the past. information from other Fannie Mae published sources. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. { FHAnewsblog.com assumes no responsibility for errors or omissions in the contents on the Service. } padding: 0; You must keep using the property in the same fashion, but you aren't required to add additional uses. -ms-flex-direction: column; The VA One-Time Close is a 30-year mortgage available to veteran borrowers. stream Grandfathering balances the private property rights of land owners against the public need to regulate land use. Credit guidelines are set by the lender, typically with a 620 minimum credit score requirement. They are prospective not retrospective in nature. 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. %PDF-1.5 See Full Contact Page. .blog-banner-shortcode ul li:hover:first-child .banner-blog-shortcode-button Get your personalized instant rate quote: Jay Voorhees Events, B4-1.3-05, Improvements Sectionof the Appraisal Report, B4-1.3-04, Site Section of the Appraisal Report, How to do a hard refresh in Internet Explorer. HSQO0~_qEjPP$1QP@OKFc MQyrYu =(\*64`%r-X, 4e1\sjW :cgJqbLpSeVY#t[}8l t%hSsloQ\a(T!T"z{/k~J'D+g8n^ $]X5"]n?QHL He is a 13-year Air Force veteran and a member of the Air Force Public Affairs Alumni Association. Boomer Dads Are Driving Real Estate Agents Nuts. All rights reserved. The posted content contained on FHAnewsblog.com is for general information purposes only and is accurate and true to the best of our knowledge. Pray that this letter miraculously takes half the time it normally does. personal property (per the Uniform Commercial Code). gap: 12px; 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. .blog-banner-shortcode ul li:first-child .banner-blog-shortcode-button border-radius: 6px; 2 0 obj Accessory Dwelling Units: emphasizing Highest and Best Use to determine property type of classification. ), and find another place. } All loans subject to underwriting approval. Lender Letter, Freddie Mac and Fannie Mae have jointly developed the following documents that include modified language to be used with desktop appraisal reports and exterior-only appraisal reports: Modified Set of Instructions, Scope of Work, Statement of Assumptions and Limiting Conditions, and Certification for . Legal nonconforming rights are one of the most powerful protections afforded to landowners under land use planning law. and Is there anyone here that knows more about rebuild letters and if there is any alternative I can offer or any way to convince the lender that it's not necessary. No guarantee of accuracy is expressed or implied. Track the progress and view documents associated with developments in our Land Development Review Search (LDRS) system. If this happens it's obviously the best case scenario. Rates Climbed 1% in February! display: block; ]_h_'=S(; 40`/!iXL:|MX]:oIs display: flex; , 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; 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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.
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