Pud condo classification code: free download. On-line document store on 5y1.org

How do I know if my property is a PUD Project?
Check the URAR item indicating that the property is within a PUD project. condominium is a form of fee ownership or long-term leasehold of separate units or portions of multiunit buildings that provides for formal filing recording of a divided interest in real property.

What is the difference between Puds and FHA?
FHA's interest is therefore more immediate and direct with respect to the common areas of condominiums than those of PUDS. Before performing the assignment, the appraiser must check with the lender to ascertain that the project is on an approved list maintained by the HOC or by a DE underwriter who has performed a spot condominium approval.

What is a multi-dwelling unit condo?
Multi-dwelling unit condominium: A condominium project that permits an individual to hold title to more than one dwelling unit with own ship of all units evidenced by as single deed of trust or mortgage. New condo projects with units of less than 400 square feet. New converted, non-gut rehabilitation condo projects. Non-conforming zoning project.

Is a townhouse a condo or a PUD?
Townhouse is an architectural style that refers to an attached dwelling. Underwriter will refer to the legal description and Prelim to determine if the property is classified as a Condo, PUD or attached SFR. Author Precious Jones Created Date

[PDF File]PROPERTY CLASSIFICATION CODES VACANT LAND RESIDENTIAL ...
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Real Property. 0010 possessory interest 0100 vacant residential 0200 vacant commercial 0300 vacant industrial 0400 vacant pud lots 0510 less than 1 acre 0520 1ac to less than 5ac 0530 5ac to less than 10ac 0540 10ac to less than 35ac 0550 35ac to less than 100ac 0560 100ac and up 0600 minor structures/on land 0700 vac figured at res rate 0701 ...

[PDF File]4150.1 REV-1 CHAPTER 11. CONDOMINIUMS AND PLANNED UNIT ...
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contained in Chapter II of Title 24 of the Code of Federal Regulations under Section 234. Also see HUD Handbook 4265.1. 11-2. DEFINITIONS. A. Mortgage. A first lien covering a fee interest or eligible leasehold interest in a one-family unit in a project, together, with an undivided interest in the common areas and facilities serving the project.

[PDF File]Condo & PUD Matrix Reference Sheet Classification & Type ...
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New condo projects with units of less than 400 square feet. New converted, non-gut rehabilitation condo projects. Non-conforming zoning project. Own Your Own property: This type of property can be identified by the legal description. Generally an „Own Your Own‟ legal description

[PDF File]4150.2 9 PLANNED UNIT DEVELOPMENTS AND CONDOMINIUMS
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PUD is defined as a mixed-use residential development of single-family dwellings in conjunction with rental, condominium, cooperative or town house properties. A residential development should be processed as a PUD if it has these minimum characteristics:

Uniform Underwriting and Transmittal Summary - Freddie Mac
Project Classification Freddie Mac Streamlined Review Established Project New Project Detached Project 2- to 4-unit Project Exempt from Review Reciprocal Review Fannie Mae E Established PUD Project F New PUD Project P Limited Review - New Condo Project Q Limited Review - Established Condo Project R Full Review - New Condo Project

[PDF File]Condominium/PUD Project Guides
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VI. Planned Unit Development (PUD): A Planned Unit Development (PUD) project or subdivision consists of common property and improvements that are owned and maintained by an HOA for the benefit and use of the individual PUD unit owners. Project Review Type and Project Review Method Project Type Project Review Method at FLCBank

Pud condo classification code