I received an update last week and wanted to pass this along. In an effort to make purchasing a Fannie Mae home easier for the buyer, Fannie Mae will no longer charge the buyer the cost of dewinterizing and rewinterizing a property for the purpose of a buyer's inspection. Fannie Mae will absorb the expense for dewinterizing and rewinterizing the property. Therefore, effective immediately, do not charge the buyer for these costs. Follow the instructions below to ensure the dewinterization and rewinterization process and billing are handled properly:
If a Field Services company is assigned to the property, you MUST contact the Field Services company to perform the dewinterization and rewinterization. This ensures that a single company is responsible and accountable for properly maintaining the property.
If not assigned to FAS you contact the SAM Maintenance Vendor to perform the dewinterization and rewinterization. Advise them to direct-bill Fannie Mae for the expense. If the Vendor is unable to do so, they will bill you directly, and you should submit a 571 for reimbursement through the normal process.
Non- Field Services / Non-SAM Maintenance Assigned Properties
Contact a Vendor to perform the dewinterization/rewinterization. This should be the one who performed the initial winterization whenever possible. The Vendor will bill you directly for the dewinterization and rewinterization, and you should submit a 571 for reimbursement through the normal process.
IMPORTANT - Update the Real Estate Purchase Addendum: Please note that the current Addendum does not reflect Fannie Mae absorbing the cost of the dewinterization and rewinterization. An updated Addendum is currently being finalized and will be distributed soon.
In the meantime, because the current Addendum does not reflect this new practice of Fannie Mae absorbing the expense of the dewinterization and rewinterization, you should make these changes to the form by striking thru the part charging the buyers for these charges.
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