Author: Bill McFalls

Some Realtors® have seen a disruption in home sales, specifically with properties that contain or are bordered by a private road. Regulations for federally backed mortgages like Fannie Mae, VA, USDA and FHA loans require these properties to have an agreement for the maintenance of the private roadway, outlining responsibility of repairs, including what each owner’s share is, remedies for default and terms of the agreement.