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What is a planned unit development (PUD)? : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

What is a planned unit development (PUD)?

A “PUD” is often a planned community where there are a variety of housing and real estate options (often residential, commercial, and industrial properties in larger projects); where property is owned by individuals; where common areas and assets are owned by a corporation; and, where deeds reflect PUD options and responsibilities.

An attraction of larger PUDs is that work, recreation, shopping, and housing are often located in the same community.

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