Re-Default

Re-Default

A Re-Default is a mortgage Default occurring within six months after reinstatement or the successful use of a Permanent Home Retention Option. Related Party Related Party includes, but is not limited to: • an individual serving as the Unit owners’ officer, director, or employee; or Unit owner shares a common officer or director. Remote Observation Remote Observation is a technology-based method that allows the Appraiser to directly observe the Property characteristics, concurrently and in coordination with another individual at the Property. The technology must provide data capture of the observation and include metadata with geocoding for location confirmation.