Only heat source is wood

[Mike Boyd]

Is it possible that FHA needs to up date handbook?

I am not talking "Wood Burning Stove" I am talking Wood Fired heating systems, just as I could be talking about a "Coal Fired" or Coak Fired" heating system.

You have the same risk of running out of fuel with an LP system or oil system as you would with a wood, coal or coak system.

With an LP, Oil Natural Gas system you need electric to run with a wood fired system you don't need electric to run if it is a wood fired furance in the basement. Poor weather you can still heat if the power goes out.

I agree with Ray........but what is "coak?" Also, with a wood fired burner in the basement are you speaking of a gravity system? Otherwise what "pushes" the heated air from the basement through the ducting and into each room? And, are you sending air drawn from the basement and heated in the burner or is there a return air system?

 

[JTip]

CWD - what is typical, normal and accepted in your market? That's where and what you look for.

There's the answer.


I personally have a 9yo high eff oil hw furnace and two 275 gallon tanks in the basement filled with $2.19/gal oil. I have not used it in two years.

My heat is an outdoor wood/coal burner. I spent $1000 to heat my home last winter at a cozy 70-72 every day. The best $4500 I ever spent. You are married to it but with an extra $4000 in my pocket at the end of the season, she is my secret girlfriend.

 

[Tim Schneider]

JTip- What is the shelf life of home heating oil once in the tank?

 

[lisagruhot]

I am working on a property that has a old oil furnace that per owner is inoperable and hasn't been run in 30 years. They have a wood burner in the basement that is connected to the forced air system. They burn wood as the only source of heat. Is this scenario acceptable for secondary market (fannie)? I want to have good info before I get back to the bank about the status. Thanks.

I would think there would be a market reaction to the fact that their only heat source is wood in Wisconsin. I used to live in Minnesota and there would definately be a market reaction to it in the market I was in.

 

[JTip]

JTip- What is the shelf life of home heating oil once in the tank?

Very good question Tim. I'm not sure. The tanks are inside, in the basement instead of buried outside (like some) where exposure to moisture would be a factor. If I were to venture a guess I would say 10-20+ years as long as the basement does not flood.

I'm off to google for an answer....brb to edit....

EDIT: 2 years? I don't believe it. 'They' say bacteria can pollute the stored fuel and exposure to sunlight will break it down. We all know how translucent steel oil storage tanks are. At least I can use it for the tractors. I need a human expert. I'm calling Penn State Ag Dept.

 

[Tim Schneider]

Well, it looks like the lender is going to require the installation of a backup source. They are probably going to do electric baseboards.