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defective paint

  1. PrincessLeia

    Defective Paint Potential Loophole For Lenders On FHA/usda Loans?

    Dear Fellow Appraisers, Situation: I have 2 properties I am appraising/did appraise. Both are, or were, REOs in somewhat poor condition. Both have defective paint on the interior and were built pre-1978. I submitted the 1st appraisal on the REO and recommended repair of the interior...
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