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FHA requirement - Termite Inspection

Discussion in 'FHA/HUD and VA' started by Sbrainard, Aug 15, 2007.

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  1. Sbrainard

    Sbrainard New Member

    0
    Aug 15, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Arizona
    Until Mortgagee letter 2005-34, I had always, I felt, been required to state that the property was subject to, at the very least, unless it was new construction, a termite inspection report. The letter 2005-34 is not very definitive on the subject, but I have a hard time believing that FHA is leaving it up to the appraiser to find evidence of termites before requiring for a report. The UW is telling me that a termite inspection report is no longer required. What is typical among appraisers to do post 2005-34?
     
  2. Mr Rex

    Mr Rex Elite Member

    114
    Jan 12, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    North Carolina
  3. Michael Tipton

    Michael Tipton Senior Member

    0
    Sep 25, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    This subject was covered during a recent HUD CE course. Refer to Mortgagee Letter 2005-ML-48.

    Inspection Requirements

    FHA no longer mandates automatic 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 customary to
    area, or at lender's discretion


    http://www.hudclips.org/sub_nonhud/html/nph-brs.cgi?d=MLET&s1=05-$[no]&op1=AND&SECT1=TXTHLB&SECT5=MLET&u=../html/shortcut.htm&p=1&r=3&f=G
     
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