Transcription of Condo & PUD Matrix Reference Sheet Classification & Type ...
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Condo & PUD Matrix Reference Sheet Classification & Type ...
Page 1 of 6. Condo & PUD Matrix Reference Sheet Classification & Type DEFINITION PRE-SALE/OCCUPANCY DOCUMENTATION & REQUIREMENTS. (Must be Complete on 1008). Established Appraisal PUD: Attached: Unit is 100% Control of HOA: Homeowners Association turned over to unit owners ESTABLISHED E complete None 1 million Master Insurance Policy for the Project (applies to attached Detached: No review only). required New or proposed Appraisal PUD: Attached: Unit is 100% Control of HOA: No requirements NEW F complete 50% Presale (as confirmed by 1 million Master Insurance Policy for the Project (applies to attached Detached: No Review appraiser on page 3 of appraisal).)
Page 2 of 6 2/21/2013 FHA REVIEWS (ONLY FOR USE WITH FHA LOANS): FHA APPROVED PROJECTS Refer to FHA condo information below OTHER REVIEW TYPES: FNMA PERS REVIEW T New or proposed Determined by FNMA
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