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July 6, 2011

Freddie Mac Due Diligence: Environmental/Engineering Best Practices

By Summer Gell

Lenders and Servicers Should Follow These Freddie Mac Best Practices and Updated Guidelines

…for environmental and engineering due diligence to avoid delays and facilitate the due diligence process. Freddie Mac has very specific requirements for environmental and engineering due diligence. Freddie Mac Phase 1 Environmental Site Assessments and Engineering Assessments (also called Property Condition Reports) have to be conducted according to Freddie’s Multifamily Seller/Servicer Guide, which often goes above and beyond standard due diligence requirements.

Continue reading the GlobeSt blog here.

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