FHA -- Chipping Paint

[Greg Parker]

Called for Chipping paint on an FHA loan. It was everywhere. Windows, interior, finished attic, front porch... everywhere.

Lender just got back to me with this --

There are no children under 7 years of age so the chipping paint is not an FHA issue. Please have the appraiser complete the report and forward ASAP, thanks again.

This is for a final, the paint was one of 6 issues.

My next step is to dg out the FHA handbook, but I thought peeling paint was always an issue?

Would appreciate any corrections/commentary to the contrary.

 

[Mr Rex]

You are right, they are wrong. Have them provide their "wisdom" in writing from FHA.

 

[Greg Parker]

You are right, they are wrong. Have them provide their "wisdom" in writing from FHA.

Thanks. I just Snag it stole the entire page regarding this and sent in an email.

 

[CANative]

You should tell on them.

 

[RSW]

What a bunch of Dumb A***s, those LOs and UWs.

 

[Greg Parker]

The worst part is this is one of my non-AMC, bank clients.

 

[Mr Rex]

FWIW, unless the homeowner does the work themselves, if over 6 sf in any 1 interior room or 20 sf of the exterior (cumulative) requires someone with a LRRP certification to do the work. I just spent a day in class for the lowest level trainign as a requirement for trashing out REOs.

 

[Greg Parker]

From HUD handbook 4235.1

E. In certain situations, the borrower will be required to treat any defective paint surfaces after closing for properties built before 1978, and comply with the Lead-base Paint Poisoning Prevention Act (LPPPA) requirements.
1) When children under the age of seven will be residing in the property, the borrower must treat the defective paint surfaces in accordance with LPPPA requirements.
2) If children under the age of seven will not be residing in the property, the borrower can certify to that fact in writing, and the treatment of defective paint surfaces will not be required. This certification can accompany the appraisal or the approval of the property can be conditioned on the receipt of this certification.

Hmm. Now I am feeling stupid.

 

[CJ1234]

From HUD handbook 4235.1

E. In certain situations, the borrower will be required to treat any defective paint surfaces after closing for properties built before 1978, and comply with the Lead-base Paint Poisoning Prevention Act (LPPPA) requirements.
1) When children under the age of seven will be residing in the property, the borrower must treat the defective paint surfaces in accordance with LPPPA requirements.
2) If children under the age of seven will not be residing in the property, the borrower can certify to that fact in writing, and the treatment of defective paint surfaces will not be required. This certification can accompany the appraisal or the approval of the property can be conditioned on the receipt of this certification.

Hmm. Now I am feeling stupid.

Then the Underwriter may waive the requirement, but you, the appraiser do NOT make that judgement.

 

[hglenbetts]

From HUD handbook 4235.1

E. In certain situations, the borrower will be required to treat any defective paint surfaces after closing for properties built before 1978, and comply with the Lead-base Paint Poisoning Prevention Act (LPPPA) requirements.
1) When children under the age of seven will be residing in the property, the borrower must treat the defective paint surfaces in accordance with LPPPA requirements.
2) If children under the age of seven will not be residing in the property, the borrower can certify to that fact in writing, and the treatment of defective paint surfaces will not be required. This certification can accompany the appraisal or the approval of the property can be conditioned on the receipt of this certification.

Hmm. Now I am feeling stupid.

Greg, Don't feel to stupid. 4235.1 is the hand book for reverse mortgages.

OP.. Was this for a reverse mortgage??