Documenting the Property Management Change
Unless the change in property management is through a court-appointed receiver, the ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must send an original Assignment of Management Agreement (Form 4508) for the proposed new property management company executed by the BorrowerBorrowerPerson who is the obligor per the Note. and information regarding the new property management company to Fannie Mae Special Asset ManagementSpecial Asset ManagementTeam performing Fannie Mae’s Special Servicing that can be contacted at [email protected] to effect a change in PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). management.