Legal Question in Real Estate Law in California
What is a Fannie Mae's NPDC Form 4 Waiver and Release form?
Asked on 9/12/11, 1:55 am
2 Answers from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
http://lmgtfy.com/?q=npdc+form+4+waiver+release
Answered on 9/12/11, 5:51 am
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
It's a document Fannie Mae requires a buyer of an REO property to sign and deliver at the closing; the purpose is to try to make sure the buyer will not discover, or claim to discover, some defect in the condition of the property after closing, and then attempt to make a claim against Fannie Mae. It's a way to enforce their policy that all REO properties are sold strictly "as is."
Answered on 9/12/11, 9:13 am
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