Pamela Crowley (Florida)
Elite Member
- Joined
- Jan 13, 2002
- Professional Status
- Retired Appraiser
- State
- Florida
SOME PUDs can 'appear' very similar to 'condos', and 'condos' can 'appear' very similar to PUDs.
Various States, and even local regulators, can have different definitions and rules for these various forms of ownership.
"PUD" = Planned Unit Development. Some municipalities have a zoning of "PUD", some do not.
Fannie's and other lenders definition of "PUD" is not necessarily what the municipalities definition is.
Someone could put together a whole 8 hr + class about these issues and probably not be able to cover all the differences that can come up.
Various States, and even local regulators, can have different definitions and rules for these various forms of ownership.
"PUD" = Planned Unit Development. Some municipalities have a zoning of "PUD", some do not.
Fannie's and other lenders definition of "PUD" is not necessarily what the municipalities definition is.
Someone could put together a whole 8 hr + class about these issues and probably not be able to cover all the differences that can come up.