Dave Towne: New HUD Mortgagee Letter-Lead paint

http://www.realestateappraisertips.info/ – Real Estate Appraiser Tips!  Dave Towne: New HUD Mortgagee Letter-Lead paint

My apology to Dave as I’m late publishing his update as he sent this to me on 5/17/2010.  Sorry, I’m so deluged with appraisal orders that I haven’t had much extra time to blog here in the last month. 

FHA Appraisers……

Mortgagee Letter 2010-17 was dated on May 5, 2010, released on 5/17/2010, which changes how defective paint (i.e., lead paint) in homes 1978 or older is reported.  This modifies the 4150.2 Handbook.

It also describes how this affects HUD REO properties.  See PDF on hud.gov here!.

Dave Towne, Appraiser Education Service”

Dave Towne: New HUD Mortgagee Letter-Lead Paint

About Bill Cobb, Appraiser

The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 24 years experience as a Baton Rouge Residential Home Appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! 225-293-1500