When it appears that a fractional interest in a property has been conveyed and a petition for bankruptcy filed solely for the purpose of delaying foreclosure proceedings, the servicer must ensure the law firm prepares a Motion for Relief from Automatic Stay pursuant to Section 362(d)(4), if appropriate. Any orders obtained must be immediately recorded in compliance with applicable state laws governing notices or interests or liens in real property so they will be binding in future cases involving the same property for a two-year period.
Have Servicing Questions? Ask Poli
AskPoli
Fannie Mae customers! Get answers to your Servicing Guide & policy questions with Fannie Mae's AI-powered search tool.
Guide Resources
Access forms, announcements, lender letters, notices, and more to stay current on our servicing policies.
Search the Guide
(For best result, pose your search like a question.)
- Copyright Notice and Preface
- Doing Business with Fannie Mae
- Escrow, Taxes, Assessments, and Insurance
- Mortgage Loan Payment Processing, Remitting, Accounting, and Reporting
- Providing Solutions to a Borrower
- Default-Related Legal Services, Bankruptcy, Foreclosure Proceedings, and Acquired Properties
- Servicing Guide Procedures, Exhibits, and Quick Reference Materials
E-2.3-02: Addressing Individuals with Fractional Interests in a Security Property (11/12/2014)
Have You Tried Ask Poli?
Poli knows. Just ask.
Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide content.
Related Articles
AskPoli
Customers Recommend Ask Poli
If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.
Guide Resources
For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more.
X
Having Issues with Seeing this Page Correctly?
Use Firefox or Chrome | How to do a hard refresh in Internet Explorer | |
We recommend that you use the latest version of FireFox or Chrome. Download Firefox Download Chrome |
A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. | |
Hold the Ctrl key and press the F5 key. | ||
Email Us |
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com. |