Fannie Mae Servicing Guide E-2.3-04 — Bankruptcies Involving Mortgage Loans Secured by Investment Properties

fnma-svc-e-2-3-04

Fannie Mae Servicing Guide E-2.3-04 — Bankruptcies Involving Mortgage Loans Secured by Investment Properties.

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Verbatim provisions from Fannie Mae Servicing Guide E-2.3-04 — Bankruptcies Involving Mortgage Loans Secured by Investment Properties — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Fannie Mae Servicing Guide E-2.3-04 — Bankruptcies Involving Mortgage Loans Secured by Investment Properties

Effective 2014-11-12 · publisher's stamp for this provision

E-2.3-04, Bankruptcies Involving Mortgage Loans Secured by Investment Properties (11/12/2014) The servicer must ask the law firm to confirm that the security instrument includes an assignment of rents provision when it refers a bankruptcy case that involves an investment property. If an assignment of rents provision is included, the servicer must ensure the law firm files a Motion for Sequestration of Rental Income to prohibit the borrower from using any rental income without the bankruptcy court’s permission.

Source: Fannie Mae Servicing Guide E-2.3-04 — Bankruptcies Involving Mortgage Loans Secured by Investment Properties · source URL · snapshot cf63a82bbb4adfba

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