Private road maintenance agreements

[Belmont Resident]

I drive around parts of the lake all winter and see many homes that are left unplowed because they do not get used at all during the off season. I've often wondered if that would become a problem if something happens and emergency vehicles cannot get any closer then the road. Some of these homes are set pretty far back off the roads.
Could the insurance company refuse payment for the homeowner not keeping the area open in case of a fire?
From an emergency access prospective it makes total sense for the bank to want to have proof that the road will be passable to all forms of emergency vehicles.

[LIforrelaxin]

Back in this thread the original poster mentions that the home buyer is trying to get a Fannie Mae approved loan. That is the beginning and the end of the problem.

1st why is the buyer working on Fannie Mae approved loan to begin with...

With Fannie Mae involved, many aspects will be examined and really what they are doing is trying to make sure that the property also meets HUD approval, and various other governmental guidelines....Which insures saleability....

Going the route of a private bank loan, especially a local private bank loan is the way to go in these instances. As local banks understand the area. The down side to this is that they usually require a larger down payment...

Anytime you work with a non-local bank, you run the risk of them wanting to make sure the load meets the criteria for Fannie Mae or Freddy Mac, so that the loan can be bought and sold with out issues.