Fha repair And Inspection Requirements

Texas Health Insurance Risk Pool - Fha repair And Inspection Requirements

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In December, 2005 Hud announced changes to the types of repairs and inspections it requires for residential properties. Agreeing to Hud:

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Texas Health Insurance Risk Pool

"In a chronic endeavor to reform and standardize its estimate requirements,
Fha has shifted from its historical emphasis on the repair of minor property
deficiencies and now only requires repairs for those asset conditions that
rise above the level of cosmetic defects, minor defects or general wear and
tear. Fha Roster Appraisers are reminded to article all easily observable
property deficiencies, as well as any adverse conditions discovered performing
the investigate involved in completing the appraisal, within the appraisal
reporting form.

"Lenders should use pro judgment and rely upon
prudent underwriting practices in determining when a asset condition poses
a threat to the safety of an occupant and/or jeopardizes the soundness and
structural integrity of the property, such that further inspections and/or
repairs are necessary."

In Mortgagee Letter 2005-Ml-48 the following clarifications are shown:

Repair Requirements

Examples of minor asset conditions that no longer wish automated repair for existing
properties include, but are not itsybitsy to:

* Missing handrails

* Cracked or damaged exit doors that are otherwise operable

* Cracked window glass

* Defective paint surfaces in homes constructed post 1978

* Minor plumbing leaks (such as leaky faucets)

* Defective floor cease or outside (worn through the finish, badly soiled
carpeting)

* Evidence of former (non-active) Wood Destroying Insect/Organism
damage where there is no evidence of unrepaired structural damage

* Rotten or worn out counter tops

* Damaged plaster, sheetrock or other wall and ceiling materials in homes
constructed post- 1978

* Poor workmanship

* Trip hazards (cracked or partially heaving sidewalks, poorly installed
carpeting)

* Crawl space with debris and trash

* Lack of an all weather driveway surface

Examples of asset conditions that may rehearse a risk to the condition and
safety of the occupants or the soundness of the asset for which Fha will
continue to wish automated repair for existing properties include, but are
not itsybitsy to:

* Inadequate access/egress from bedrooms to outside of home

* Leaking or worn out roofs (if 3 or more layers of shingles on leaking or
worn out roof, all existing shingles must be removed before re-roofing)

* Evidence of structural problems (such as foundation damage caused by
excessive settlement)

* Defective paint surfaces in homes constructed pre-1978

* Defective outside paint surfaces in home constructed post-1978 where the
finish is otherwise unprotected.

Inspection Requirements

Fha no longer mandates automated inspections for the following items and/or
conditions in existing properties:

* Wood Destroying Insects/Organisms: inspection required only if evidence of
active infestation, mandated by the state or local jurisdiction, if original to
area, or at lender's discretion

* Well (individual water system): test or inspection required if mandated by
state or local jurisdiction; if there is knowledge that well water may be
contaminated; when the water supply relies upon a water purification system
due to nearnessy of contaminants; or when there is evidence of:

1.Corrosion of pipes (plumbing)

2. Areas of arduous agriculture within 1/4 mile

3. Coal mining or gas drilling operations within 1/4 mile

4. Dump, junkyard, landfill, factory, gas station, or dry cleaning operation within
1/4 mile

5. Unusually objectionable taste, smell or appearance of well water
(superceding the guidance in Mortgagee Letter 95-34 that requires well
water testing in the absence of local or state regulations)

* Septic: test or inspection required only if evidence of principles failure, if
mandated by state or local jurisdiction, if original to the area, or at
lender's discretion

* Flat and/or unobservable roof

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