Fannie Mae Servicing Guide E-4.3-02 — Inspecting Properties Post-Foreclosure Sale
Fannie Mae Servicing Guide E-4.3-02 — Inspecting Properties Post-Foreclosure Sale.
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Verbatim provisions from Fannie Mae Servicing Guide E-4.3-02 — Inspecting Properties Post-Foreclosure Sale — 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-4.3-02 — Inspecting Properties Post-Foreclosure Sale
E-4.3-02, Inspecting Properties Post-Foreclosure Sale (11/13/2019) Generally, Fannie Mae’s designated broker, agent, or property management company will complete all necessary inspections for acquired properties. However, under certain circumstances, Fannie Mae may require the servicer to conduct a post-foreclosure sale inspection for an acquired property. The servicer must also conduct any post-foreclosure sale property inspections that FHA and VA require for properties that are conveyed to them. Fannie Mae will reimburse the servicer for the costs of any post-foreclosure property inspection in the following instances: when Fannie Mae requires the servicer to conduct the post-foreclosure sale property inspection; and when the post-foreclosure sale inspection is required by FHA and VA, to the extent that the expenses can legitimately be included in an insurance or loan guaranty claim. See D2-2-10, Requirements for Performing Property Inspections for requirements when a property inspection is needed and A4-2.1-02, Property Inspection Vendor Management and Oversight for additional requirements for property inspection vendors. The servicer must also follow the procedures in Reimbursement for Property Inspections and Property Preservation Expenses in F-1-05, Expense Reimbursement to seek reimbursement for inspection costs.
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Source of record: https://claudeforcompliance.com/regs/fnma-svc-e-4-3-02/
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