On July 29, 2023, we’ll update the “Incomplete Assessment” feedback message in Condo Project Advisor® to indicate when a condo project may need critical repairs. Here’s what you need to know.

Updated “Incomplete Assessment” Feedback Message 

Currently, if a Project Assessment Request (PAR) submitted to Condo Project Advisor receives an “Incomplete Assessment” feedback message (CPAX1013), that’s an indication that the tool can’t assess the project. This includes the requirement in Section 5701.3(n) that a project is ineligible for sale to Freddie Mac if it needs critical repairs. 

On July 29, 2023, we’ll make things easier for you by updating one of the “Incomplete Assessment” messages to alert you that the project may need critical repairs. You can determine whether or not a project does indeed require repairs. This can assist you in determining compliance with Guide Sections 5701.2(a) and 5701.2(b). 

Current Message CPAX1013 New Message CPAX1013

Incomplete processing. We are unable to assess this Condominium Project. Seller is responsible for all Condominium Project review and eligibility requirements as stated in the Guide.

Incomplete processing. We are unable to assess this Condominium Project. Seller is responsible for all Condominium Project review and eligibility requirements as stated in the Guide, including the requirement in Guide Section 5701.3(n) that a Condominium Project is an ineligible project if it is in need of Critical Repairs (as defined in the Guide Glossary). This Condominium Project may be in need of Critical Repairs.

Am I Relieved of Review for Critical Repairs if I Don’t Get Message CPAX1013?

No, you’re not. The update to message CPAX1013 will inform you when Condo Project Advisor has identified it as a project that may need critical repairs. It’s not an assessment or determination that the project needs critical repairs – it is a notice that the project may need them. You are still responsible for compliance with Section 5701.3(n).

Even if you don’t receive message CPAX1013, you’re still required to comply with the “Project in Need of Critical Repairs” requirement in Guide Section 5701.3(n).

We’ll update our feedback message lists and online training materials later this month when the message is updated.