5704.5: Security Instruments for leasehold Mortgages (07/25/18)

Owned by Marsha Freeman
Last updated: Nov 20, 2018
1 min read

© Freddie Mac Single-Family Seller Servicer Guide

The Uniform Security Instrument must describe the Mortgaged Premises as a leasehold interest created by a recorded lease in the property described in the legal description. In addition, the Seller must comply with Exhibit 5, Authorized Changes to Notes, Riders, Security Instruments and the Uniform Residential Loan Application, Section V, for Leasehold Estates.