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Old 02-23-2006, 05:35 PM
Josh Shapiro's Avatar
Josh Shapiro Josh Shapiro is offline
 
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Location: Central Florida
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Default PUD ot not a PUD

Zoning on the propety is RS - Single Family Suburban 5 units per acre. There is a HOA of $125.00 per year. Should this be market a PUD at the top of page or not. Neeed response ASAP...
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Old 02-23-2006, 05:59 PM
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Fannie Mae Single Family
Selling Guide
Part XI: Property and Appraisal Guidelines
XI, Chapter 3: Special Appraisal Considerations (06/30/02)
XI, 302: Units in PUD Projects (06/30/02)

For a project to qualify as a PUD, the owners' association must require automatic, nonseverable membership for each individual unit owner, and provide for mandatory assessments. Zoning should not be the basis for classifying a project as a PUD.
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Old 02-23-2006, 05:59 PM
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Josh, today is Thursday. The Thursday question is "do you take your shoes off?". "Is it a PUD?" is a Tuesday question.

Seriously though, if the HOA fee is mandatory, and/or if the HOA can put a lien on the property to enforce fees or fines, then you check the PUD box.
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Old 02-23-2006, 06:13 PM
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Knock on some doors, call the hoa prez, go to the courthouse, the answer is there, not on this website.

TC
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Old 02-23-2006, 08:46 PM
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Bill Baughn Bill Baughn is offline
 
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Josh,

Seems to me that anytime a HOA is involved, you have a "PUD". A trip to the courthouse is not needed...
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