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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Planned Unit Development (PUD)

A property type of "Planned Unit Development (PUD)" indicates that the home is located in an area of land developed in accordance with a plan approved by the local government. It is this idea of an approved plan that makes the PUD desirable. Rather than placing businesses or houses on a site, the developer must come present the local government with a plan describing how the elements of the site will fit together and fit into the surroundings.
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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.