Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Newly Converted Project
Fannie Mae
Updated 10-31-2026
Newly Converted Project
A condo or co-op project that was converted from an apartment or other use is defined as a newly converted project until it fully meets Fannie Mae's definition of an established project.
Fannie Mae Glossary of Terms
Fannie Mae · p. 34
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