Thursday, March 30, 2017

Goodbye plywood: Fannie Mae no longer allows plywood in pre-foreclosure

In November, Fannie Mae announced that mortgage servicers would be reimbursed for using clear boarding instead of plywood when securing houses that were in pre-foreclosure. That announcement was not retroactive, meaning it only applied to new pre-foreclosures. But that’s not the case anymore, as Fannie Mae announced this week that it is moving away from plywood entirely.

from Byrd Mix via byrd memphis developer

from Tumblr

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