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SVC-2012-05: Payment of Homeowners' Association Dues and Condo Assessments

Fannie Mae has issued Servicing Guide 2012-05 to provide guidance regarding payment of homeowners’ association (HOA) dues and condo assessments.  This Announcement requires servicers to ensure that any priority liens for delinquent HOA dues and assessments on acquired properties be cleared immediately, but not later than 30 days.  These requirements take effect on July 1, 2012.

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