paint chipping

[TexasRed]

In a pre 1978 house how bad does the paint chipping have to be? Does even the slightest chips call for repairs/inspection?

Don't flame me, I am just asking a simple question.

 

[TC]

In a pre 1978 house how bad does the paint chipping have to be? Does even the slightest chips call for repairs/inspection?

Don't flame me, I am just asking a simple question.

All right, all right, I'm a thinkin'! And my head hurts."



Yes, even the slightest.

 

[Rufus]

I think the biggest concern is that if the paint is lead-based and the chips could be easily pulled off or are already on the ground then a person could eat them. If that possibility is there, you might as well call for it because an FHA compliance inspector might say you should have. That said, if it is puckered, but intact, I'd say no.

 

[Tim Hicks (Texas)]

Red, it is a health and safety hazard and must be repaired. This does not just mean the house either. Painted fences, barns, storage building, everything. I remember in 1994 I got tagged for not noticing the chipping paint on the nice gas yard light.

 

[TexasRed]

thats what I thought.

I conditioned the appraisal. It had more than a few chips but not pealing or anything really bad.

 

[Rufus]

Perfect thread for my question without starting one specifically.

Besides sub-contracting appraisal work, I also occasionally play secretary for another appraiser. When I loaded the subject pictures there was severe peeling paint around the windows. I put in the canned statement to remedy same and he took it out. He said it was a streamline refi (FHA) and you don't call for repairs. Since I was not the appraiser and therefore not sigining the report, I let it go. But, is that really the truth?

 

[Tim Hicks (Texas)]

Perfect thread for my question without starting one specifically.

Besides sub-contracting appraisal work, I also occasionally play secretary for another appraiser. When I loaded the subject pictures there was severe peeling paint around the windows. I put in the canned statement to remedy same and he took it out. He said it was a streamline refi (FHA) and you don't call for repairs. Since I was not the appraiser and therefore not sigining the report, I let it go. But, is that really the truth?

Nope, it is the underwriters job to let it go if need be.

 

[Tudor]

Perfect thread for my question without starting one specifically.

Besides sub-contracting appraisal work, I also occasionally play secretary for another appraiser. When I loaded the subject pictures there was severe peeling paint around the windows. I put in the canned statement to remedy same and he took it out. He said it was a streamline refi (FHA) and you don't call for repairs. Since I was not the appraiser and therefore not sigining the report, I let it go. But, is that really the truth?

I used to hear about this from the LO's all the time, on a streamline there is only repair that they required, guess which one it was, yes, Peeling Paint.

For the OP.
Don't forget those painted patio slabs, garage floors, they mean "ANY" peeling paint. I saw some the other day on some duct work in the hall closet. Good idea to look in the room where the hot water heat is and the furnace.

 

[Metamorphic]

I would suggest that absent an EXTREME level of ongoing maintenance, anything build before '78 has peeling paint somewhere.

 

[Lloyd Bonafide]

I would suggest that absent an EXTREME level of ongoing maintenance, anything build before '78 has peeling paint somewhere.

I'm sure you are correct.

However, I am hearing from realtors that sell a lot of REOs that many of their pre-1978 listings are being sold with FHA financing, but often the appraiser is not calling for obvious peeling paint to be corrected. (??)

One agent told me that she was now under the impression that this type of peeling paint does not have to be corrected for FHA loans anymore, so obviously, some lenders and appraisers are overlooking this now.