HUD HOC Reference Guide
Private RoadwaysChapter 1
Appraisal & Property Requirements
A. General: For reference please see: 24 CFR sec. 200.926d, HUD Handbook 4150.2, Section 3-6A.7 and FHA Mortgagee Letter 2005-48
B. Underwriters' Review:
The recorded easement must be reviewed and approved by the Direct Endorsement Underwriter and documented in the Lender?s file at the time the loan is submitted for mortgage insurance.
Evidence of a road maintenance agreement is not required.
|Content Archived: October 25, 2012|