Servicing Guide

Published September 9, 2020

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What are Fannie Mae's expectations for the basement moisture control allowable during property preservation services?

  • The basement moisture control allowable must only be used in properties with a basement.
  • The servicer must place a moisture control product at initial services. Then every sixty (60) days during ongoing services, the servicer must dispose of the product and replace it with new product.
  • The amount of moisture control product to use is dependent on the square footage of the basement and upon the product. Follow all product manufacturer's directions for activation.
  • The servicer must write in permanent marker all of the following: install date (mm/dd/yy), the expiration date (mm/dd/yy and to be sixty (60) days out from install date), and the property address.

For additional information please see: Property Preservation Matrix and Reference Guide, Section 5, Initial Securing and Initial Services.

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Customers Recommend Ask Poli

If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

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Visit Selling and Servicing Guide Communications and Forms

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