source:
  type: guide
  id: fnma-svc-e-4.3-01
  authority: Fannie Mae Servicing Guide E-4.3-01 — Managing the Property Post-Foreclosure
    Sale
  description: Fannie Mae Servicing Guide E-4.3-01 — Managing the Property Post-Foreclosure
    Sale.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-4.3-01-full
  canonical_id: fnma-svc-e-4.3-01-full
  section: Fannie Mae Servicing Guide E-4.3-01 — Managing the Property Post-Foreclosure
    Sale
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-4.3-01 — Managing the Property Post-Foreclosure
      Sale
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: cf63a82bbb4adfba
    fetched_at: '2026-05-22T23:53:19Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: E-4.3-01, Managing the Property Post-Foreclosure Sale (03/08/2023)
      Unless otherwise instructed by Fannie Mae, the servicer must cease property
      preservation activities following the foreclosure sale (or in applicable cases
      when there is no foreclosure sale and title vests in Fannie Mae or the servicer
      by operation of court order, the date when the court’s order is entered on the
      docket), even if title transfer to Fannie Mae has not completed such as during
      an applicable redemption period or when the court has not yet conﬁrmed or ratiﬁed
      the sale. Under certain circumstances, Fannie Mae may request the servicer to
      perform some property management functions that usually would be assigned to
      a broker, agent, or property management company. However, Fannie Mae must approve
      all repair and marketing costs involved in the disposition of the property.
      Unless otherwise notiﬁed by Fannie Mae, the servicer must ensure the deed is
      recorded so that the tax rolls will be changed to reﬂect Fannie Mae’s ownership
      of the property after the foreclosure sale or mortgage release is complete (see
      E-4.2-01, Completing Conveyance Documents). Fannie Mae will designate a broker,
      agent, vendor, or property management company to oversee the property marketing
      and will assume responsibilities for the payment of ground rents and property
      taxes, as well as fees and assessments invoiced by an HOA, condo association,
      or co-op corporation once the foreclosure sale occurs. The servicer is not responsible
      for these expenses after Fannie Mae acquires the property, unless otherwise
      directed by Fannie Mae. The servicer must direct questions regarding the payment
      of these expenses to Fannie Mae’s SF CPM division (see F-4-02, List of Contacts).
      Recent Related Announcements The table below provides references to recently
      issued Announcements that are related to this topic. Announcements Issue Date
      Announcement SVC-2023-01 March 8, 2023 Announcement SVC-2019-02 April 10, 2019
  judgment: false
