Fannie Mae is introducing significant changes to appraisal reporting and Condominium Project Standards. From the rollout of UAD 3.6 and the retirement of traditional appraisal forms to new HOA reserve requirements and condo review guidelines\, these updates will impact how properties are valued and condominium loans are approved.
Join us for a practical\, agent-focused webinar exploring what these changes mean for your listings\, buyers\, and closing timelines across Massachusetts&mdash\;from Greater Boston high-rises to multi-family condo conversions.
Key Takeaways:
- UAD 3.6 Updates: Understand the transition from UAD 2.6\, the new room-by-room reporting format\, ANSI standards\, and appraisal requirements.
- New Condo Rules: Learn about changes to Limited Reviews and expanded Project Review Waivers for smaller condominium developments.
- HOA Reserve Requirements: Understand the upcoming 15% reserve contribution requirement and how to review condo association budgets.
- Insurance &\; Deductibles: Review new master policy guidelines and HO-6 coverage requirements to help avoid closing delays.
- Listing &\; Buying Strategies: Learn how to prepare sellers for condo disclosures and help buyers navigate the loan approval process.
Featuring: \;Ted Malkashian\, Senior Vice President\, Rate &\; \;Todd Santora\, Owner &\; Chief Appraiser\, Valuations Unlimited