Freddie Mac Single-Family Seller/Servicer Guide 4406.7 — Right of first refusal requirements for
Freddie Mac Single-Family Seller/Servicer Guide section 4406.7 — Right of first refusal requirements for. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4406.7 — Right of first refusal requirements for — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Freddie Mac Single-Family Seller/Servicer Guide 4406.7 — Right of first refusal requirements for
Mortgages secured by properties subject to resale restrictions (12/04/24) For Mortgages secured by properties subject to resale restrictions, any right of first refusal must run to: ■ The enabling authority or jurisdiction that imposed the resale restrictions, or ■ The subsidy provider or program administrator When the Mortgage is subject to foreclosure proceedings and/or an approved short sale, the right of first refusal may not continue beyond 120 days after the date of written notice that the resale restricted property is being offered for sale. Any right of first refusal may not adversely impact the rights of Freddie Mac or the Seller/Servicer to foreclose or acquire title to the resale restricted property, accept a deed or assignment in lieu of foreclosure, or transfer title to or lease the resale restricted property, if acquired.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 4406.7 — Right of first refusal requirements for
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Source of record: https://claudeforcompliance.com/regs/fhlmc-4406-7/
· register fhlmc-4406-7 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.