US Department of Housing and Urban Development (HUD)
& Federal Housing Administration (FHA)
FHA requires that a “For Your Protection: Get a Home Inspection” notice be given to buyers before the sales contract is executed in all transactions that will involve FHA mortgage insurance. It informs the buyer of the importance of a home inspection prior to purchasing a home. It also makes clear that FHA does not insure the condition of the property & the appraisal is intended only to assist the lender. FHA can require repairs or alterations be made to bring the property up to FHA standards.
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