USDA HB-1-3555 18.6: INTRODUCTION

Document
USDA HB-1-3555, Single Family Housing Guaranteed Loan Program Technical Handbook
Version in Zeitro Strata
Where
page 342 of 551

Page 342

18.6 INTRODUCTION

Custodial property is borrower-owned property that is vacant or abandoned and in the possession of the servicer for the purposes of property inspection, preservation, and protection. The Agency holds the servicer accountable for all servicing and property management responsibilities associated with custodial property. This section outlines the requirements for managing these types of properties.

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.