Does Fnma Require Private Road Maintenance Agreements

Buyers are also in the 70th and apply for a loan. They qualify for the loan, but their lender tells them a few days before the conclusion that someone in the bureaucracy, that is, the FNMA regulators in the sky who govern the underwriters, threaten not to lend unless the seven owners approve a written private street maintenance contract, have their notar signatures certified and rate it. The agreement must stipulate that all private road maintenance costs will be shared equally among the seven owners, or words to that effect. .

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