coral springs home inspection: Insurance Inspections/FHA Requirements And Your Transaction
- 06/16/09 07:02 AM
We all know that when buying a home, finding funding and binding a homeowner policy is a part of the transaction process. But what many RE agents don't know is that attempting to do so could blow your deal. FHA conditions reports and insurance underwriting guidelines have changed dramatically since the storm seasons of 2004-2005. And conditions of property are of great concern to lenders and the insurance industry. Why? Defects and poor conditions = greater risk. Mass devastation and record setting insurance claims due to subsequent damage from the previous storm seasons has forced HUD and insurance carriers writing policies in … (0 comments)
Homeowners are worried about whether their home is contaminated with Chinese drywall. After hundreds of complaints, state and federal agencies have narrowed the problems associated with the stench of rotten eggs and component failures within homes across the country. Chinese drywall, originally thought to have been imported between 2004-2007 and used in the construction of homes within a handfull of states, now has been identified to have been imported as early as 2002 and potentially used in over 100,000 homes in 41 states … (6 comments)
We all know that when buying a home, finding funding and binding a homeowner policy is a part of the transaction process. But what many RE agents don't know is that attempting to do so could blow your deal.;)
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