Freddie Mac Single-Family Seller/Servicer Guide 5703.11 — Taxation of Mortgaged Premises for Mortgages secured by Manufactured Homes
Freddie Mac Single-Family Seller/Servicer Guide section 5703.11 — Taxation of Mortgaged Premises for Mortgages secured by Manufactured Homes. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 5703.11 — Taxation of Mortgaged Premises for Mortgages secured by Manufactured Homes — 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 5703.11 — Taxation of Mortgaged Premises for Mortgages secured by Manufactured Homes
State law or the local taxing authority may require the Mortgaged Premises to be taxed as either real estate or personal property by the jurisdiction where it is located. The following table outlines how to determine property taxation: Property tax determination As of the Note Date… Then… If State law or the local taxing authority requires or permits the Mortgaged Premises to be taxed as real estate… The Mortgage Premises must be taxed as real estate by the jurisdiction where it is located. If State law or the local taxing authority requires the Mortgaged Premises to be taxed as personal property… The Mortgaged Premises may be taxed as personal property by the jurisdiction where it is located provided: ■ The taxation does not affect the status of the property as real property ■ The Servicer’s escrow systems are adjusted to escrow for both real estate and personal property taxes; and ■ If the taxing authority has provisions for notifying secured lenders of tax delinquencies, the Seller has taken all necessary action to ensure that the Seller/Servicer will receive any applicable notice of tax delinquency Additionally, all of the requirements relating to real estate taxes in the Guide apply equally to personal property taxes applicable to a Mortgage secured by a Manufactured Home.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 5703.11 — Taxation of Mortgaged Premises for Mortgages secured by Manufactured Homes
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-5703-11/
· register fhlmc-5703-11 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.