PUD vs. Condo, what’s the difference? » Mortgage Masters Group

PUD vs. Condo, what"s the difference?. mortgage masters group nmls Branch ID#: 373290 Phone 772-340-4003 Email doug@mortgagemastersgroup.com 481 SW Port St. Lucie Blvd. Ste. A Port St. Lucie FL 34953 View my complete profile. Blog Archive

Pilcavage had earned a bachelor’s in business management and a master’s degree in. As a former condo owner, Gebauer followed the national average of just two in 10 Millennials having a mortgage or.

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What is the difference between a condominium, cooperative apartment, tenancy in common (TIC), and a planned-unit development (PUD)? As we will see. Because there is usually a master mortgage on the.

Written By: Stacey Sprain In a recent meeting of the minds we determined that our closing and funding departments have been seeing an increasing number of doc correction requirements come through in regards to PUD properties. So we posed the question- What makes a PUD a real PUD? What should we ref

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What is the difference between a condo, a PUD, and a townhome? good question. But, first, what the heck is a PUD? A PUD, is a "Planned Unit Development". Which is a fancy schmantzy term for a neighborhood with a master plan. The homes may be attached (which we think of as condos), or detached homes.

To most home shoppers, a planned unit development (PUD) may look like a single-family home. But the legal structure for a PUD is more similar to that of a condo and can impact the mortgage process.

One such property type that many people are unfamiliar with is a planned unit development (PUD). If you were driving around in your car looking at houses, you would almost definitely not be able to distinguish a regular single-family home from a PUD.

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