The servicer of a second lien mortgage loan must take the actions listed in the following table.
|✓||The servicer must...|
|Complete a property inspection of the property securing the mortgage loan by the earlier of the following dates:
|Schedule subsequent property inspections as often as necessary to protect Fannie Mae’s interests. If the servicer initiates foreclosure proceedings, it must continue to complete property inspections every calendar month until it conducts the required property inspection prior to the foreclosure sale.|
For more information please see: D2-2-10, Requirements for Performing Property Inspections