Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Recognition Agreement

Fannie Mae

Updated 10-31-2026

Recognition Agreement

An agreement on the part of a co-op corporation to recognize specific rights of lenders who finance share loans in the project (or those of the lenders' successors and assigns).

Fannie Mae Glossary of Terms

Fannie Mae · p. 40

FreddieMac

Updated 10-31-2026

Recognition Agreement

A contract between a Cooperative Corporation and mortgagee of a Cooperative Share Loan that defines such parties' responsibilities and the remedies available to the Seller/Servicer in the event of default.

FreddieMac Glossary

FreddieMac · p. 36

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