Description: Subject Property information is missing.
Steps to take:
1. Navigate to Loan Application – Section 2 & 3.
2. Scroll down to 3a. Property You Own 3b/3c Additional Property, make sure that each item has a Status. Select the REO by double clicking.
3. For Property Type Code select disposition from the Status dropdown.
4. For Purchase Price enter amount in the the Property Value field.
5. For Property State use the State field.
4. Click Save & Close.
5. Save and Resubmit.
6. Navigate to Borrowers Information > Subject Property.
7. Using the Property Type dropdown, select a Property Type approved by Fannie Mae.
For a more detailed explanation, please visit the Subject Property Type tab on the Fannie Mae Valid-Property-Type-Combinations table.
8. Save and Resubmit.