While "condo" refers to the way you own your land, and PUD says you are a planned development, "townhome" is totally different. A townhome is an architectural style. We usually think of a townhome as a two story unit, frequently a condo, and frequently with a garage on the first floor.
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One such property type that many people are unfamiliar with is a planned unit development (PUD). If you were driving around in your car looking at houses, you would almost definitely not be able to distinguish a regular single-family home from a PUD.
what is the difference between a condo and an apartment? Asked by Vicky Gkiza, San Francisco, CA Tue Feb 3, 2009. A friend who just started looking at buying a property in SF sked me what ‘s the difference between a condo and an apartment.
Now part of the reason that the defining the difference between a detached condo and a site condo is because they are underwritten differently. Detached condos that do not meet all the above noted items to be defined as a site condo are underwritten as a condo through limited review.
However, if the legal documents for the project allow for unit insurance policies for each first mortgage that Fannie Mae purchases or securitizes in a condo or co-op project, Fannie Mae will accept the individual unit insurance policies that meet the requirements in B7-3-06, Evidence of Property Insurance, and Chapter B7-3, Property and.
Birmingham, AL real estate appraiser Tom Horn discusses PUD vs. Condo and how you can tell the differences between the two.. PUD vs. Condo, what's the difference? Mortgage Masters Group says: November 8, 2016 at.
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What is the difference between a Condo and a Townhome? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
Condo vs. Co-Op: What’s the Difference? If the responsibilities of being a homeowner have become humdrum, it might be time to make a move. Or maybe you’re looking at buying a house but think the regular maintenance is more than you, or your schedule, can handle.