X hits on this document

Word document

HOMEOWNERSHIP CENTER - page 34 / 37

88 views

0 shares

0 downloads

0 comments

34 / 37

1.

Access - It is the homeowner/seller’s responsibility to provide clear access to these areas.  FHA appraisers are required to observe the attic area and will likely need to have a ladder to gain attic access.

2.

When there is no safe access to the attic the appraiser is to mark VC-2 to require access.  (Mortgagee Letter 97-22) Do not require attic access openings for mobile homes and dwellings with little or no attic area (due to interior roof slope). REF: HUD Handbook 4150.1 Rev-1, Section 8-2.E. (or HUD Handbook 4150.2)

3.

Inspection - The attic must be examined whether access is by pull-down stairway or scuttle.  At a minimum, the appraiser must enter head and shoulders into the attic.

CRAWL SPACE & FOUNDATIONS

To access information quickly click on one of the following:

A. Basements

B. Crawl Space

HUD Handbook 4150.2, Section 3-6A.11, HUD Handbook 4905.1, Rev-1,

A.

Basements - Basements must be examined for dampness or wetness, any obvious structural problems and the condition of the furnace, hot water heater or other components located there.  

1.  Sump Pumps in Crawl Space and Basement Areas -  Sump pumps are acceptable to HUD provided that they are properly functioning at the time of appraisal.  A sump pump may be hard-wired by an acceptable wiring method or may have a factory electrical cord which is to be connected to a receptacle suitable for such use.  The receptacle must be located to allow connection to the factory wiring without the use of an extension cord. NOTE:  A sump pump is not a cure-all.  If there is significant incurable ponding of water in basements or crawl spaces, the underwriter may elect to reject the property.

B.

Crawl Space - General Requirements  HUD Handbooks 4905.1 REV-1, 2-14 & 2-11 and 4150.2, Section 3-6A11 -   In order to ensure against conditions which could cause deterioration to the building and seriously affect the marketability of the property, it is required that:  

1.

There must be adequate access to the crawl space.

2.

The appraiser will enter the crawl space at a minimum entry of the head and shoulders to observe conditions, except when access is obstructed, when entry could damage the property, or when dangerous and adverse situations are suspected.

3.

It is highly recommended that the minimum height of a crawl space be 18 inches from the bottom of the joists.  

Copy Printed: REVISION  I

   02/16/0230       Revision Effective:  05-30-00

Document info
Document views88
Page views88
Page last viewedSat Dec 03 15:58:42 UTC 2016
Pages37
Paragraphs887
Words13450

Comments