December 11, 2015
AgencyCondo Associations – “Walls In”
Mass Condo Associations – “Walls In” Coverage What is “Walls In” Coverage and when does a Borrower need it? Fannie Mae requires that lenders verify that Hazard Insurance for all common interest developments including PUD’s and condominium projects with attached units covers fixtures, equipment, and other personal property inside individual units. The updated policy now requires that […]
December 11, 2015
AgencyCondo Associations – “Wall In”
Mass Condo Associations – “Walls In” Coverage What is “Walls In” Coverage and when does a Borrower need it? Fannie Mae requires that lenders verify that Hazard Insurance for all common interest developments including PUD’s and condominium projects with attached units covers fixtures, equipment, and other personal property inside individual units. The updated policy now requires that […]