my TU report has listed under my mortgage that it is for a planned unit development. What exactly is that? I thought that meant something like a townhouse or condo. I have a single family house.
When a large development is planned, they have to follow certain stricter guidelines than a smaller development might have to. This is because a larger development will have a larger impact on the area - schools, roads, etc. Any development over a certain size (i don't know the size) is a PUD in most states and has to follow these tougher guidelines. It has nothing to do with the type of residential unit. I see it as a positive because it says you live in an area that had to follow stricter guidelines.
