Fannie Mae will not purchase mortgage loans on newly constructed homes secured by a second home or investment property if the borrower has a relationship or business affiliation with the …

Oct 14, 2025 · Yes, an executor can legally buy real estate from the estate they are managing, but the process is complex and full of legal dangers. The core problem is a direct conflict of …

Oct 31, 2023 · In most cases, the executor takes care of putting the house on the market and selling it, so the proceeds can be distributed to any heirs. But what if you’re one of the …

Heirs’ property owners face a range of challenges, and overcoming all of them takes solutions from a host of stakeholders. While the effort to overcome many of these obstacles remains …

Mar 3, 2025 · For example, Fannie Mae (a major federally backed mortgage buyer) normally requires borrowers to be natural persons, but it makes an exception for revocable living trusts …

Would a borrower qualify as a first-generation homebuyer if the borrower or the parent has ownership rights in a property, but the property is heirs’ property (i.e., the borrower or the …

Feb 2, 2005 · Fannie Mae will accept an inter vivos revocable trust that has an ownership interest in the security property as an eligible mortgagor (a party to the security instrument) for all …

Nov 24, 2025 · We recommend lenders consult with their legal counsel if clarification is needed on a borrower’s eligibility for sale to Fannie Mae based on their residency status.

Nov 12, 2014 · When the servicer receives a request for a statement of account in connection with a possible transfer of ownership of a property, or if the servicer learns after the fact that a …

Jan 26, 2023 · In other words, a lender can deliver a loan to Fannie Mae when the property is vested in a life estate if: (i) either the life tenant or the remainder holder is a borrower and (ii) …