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a "Spot Lot"

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Brad in SAC

Freshman Member
Joined
Jan 25, 2002
A loan officer called me today and was asked by HUD if a particular PUD was a "Spot Lot". I don't know what this is and have not heard of it. It's not in my real estate dictionary either. Does anyone have any idea what this is?
 

George W Dodd

Senior Member
Joined
Jul 9, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
This refers to the acceptance of HUD for a lot in a PUD without the entire PUD and/or section of the PUD being approved.

HUD has recently done away with PUD approval. Check the HUD site for more information.
 
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