Servicing Guide

Published September 9, 2020

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What documentation must be submitted when requesting approval for preservation work over the allowable limit?

When the cost of the contemplated preservation work exceeds Fannie Mae’s allowable amount, the servicer must submit the request via HomeTracker for Fannie Mae approval, in accordance with E-3.2-12, Performing Property Preservation During Foreclosure Proceedings. Also see the Property Preservation Matrix and Reference Guide for additional information. The following table provides instructions when the servicer has not acquired access to HomeTracker. 

The servicer must...
 

Complete a Property Preservation Request for Repair (Form 1095).

 

Attach all photographic evidence along with pertinent supporting documentation to assist Fannie Mae in making a sound decision concerning the proposed maintenance.

 

Submit the completed form and all attachments to property_preservation@fanniemae.com.

For more information please see Servicing Guide F-1-08, Managing Foreclosure Proceedings. 

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