Peeling And Chipped Paint,pre 1978

[adventure0us1]

I can't seem to find an answer. I was under the impression if there is peeling and chipped paint surfaces that are conditioned for repair then the CB for 'Yes' there are physical deficiencies or adverse conditions should be checked. I have always done it this way with no question. Being stipped for checking yes on recent report with peeling paint. Can anyone clarify or point me to specifics in the regs that dictate correct procedure?

 

[Terrel L. Shields]

Defective paint page 488

K) Lead-Based Paint (page 160)​

The Mortgagee must confirm that the Property is free of lead paint hazards.
​

check page 456...

j. Defective Paint

If the dwelling or related improvements were built after 1978, the Appraiser must report all

defective paint surfaces on the exterior and require repair of any defective paint that exposes

the subsurface to the elements.

If the dwelling or related improvements were built on or before December 31,1978, refer to

the section on Lead-Based Paint.


If you are going to do FHA, then download a pdf of 4000.1 and keep it handy... Crtl F will allow you search pdf documents. Learn to use it. FHA roster requirements include the requirement you have read it. Since no one can memorize it (outside some savant) this is the quick way to access such info

Throw it back in their face and tell them to show you why it is "wrong"... And it is THE MORTGAGEE'S RESPONSIBILITY TO SEE THE PROBLEM IS FIXED BY A PROFESSIONAL.. NOT YOURS.

 

[adventure0us1]

Thanks Terrel. I do have a copy of 4000.1 on desktop and search it often. I guess the question is more of a procedural one as to which box on the bottom of page 1 URAR should be checked? I looked at the pages you referenced but did not find an answer. I thought FHA stated in the past that if there is peeling paint pre 1978 the box for yes should be checked, is this a correct assumption.

 

[Terrel L. Shields]

You asked this elsewhere. Forum rules should be read

 

[Terrel L. Shields]

Yes, lead paint affects the livability therefore the answer is 'yes'.

 

[adventure0us1]

Thank you. That is the way I have been doing it without issue.

 

[CANative]

FHA Single Family Housing Appraisal Report and Data Delivery Guide

 

[Mike Garrett RAA]

Post 1978 isn't hard and fast for the use of lead based paint either. Lots of pre 78 paint was stock piled and used at a later date.

 

[Tom D]

well, if you are doing the value subject to the repair, then why would you check that box "yes". you are stating your value is based on no peeling paint. every old house has lead paint if it wasn't all removed. the issue is peeling paint with lead in it, not the "leaded" paint. i think it sufficient that you mentioned the peeling paint & asked for the repair.
HUD only cares about encapsulation. you could have checked the "yes" box if you were giving an "as is" value. i confer with the underwriter.

 

[RSW]

well, if you are doing the value subject to the repair, then why would you check that box "yes". you are stating your value is based on no peeling paint. every old house has lead paint if it wasn't all removed. the issue is peeling paint with lead in it, not the "leaded" paint. i think it sufficient that you mentioned the peeling paint & asked for the repair.
HUD only cares about encapsulation. you could have checked the "yes" box if you were giving an "as is" value. i confer with the underwriter.

You are incorrect. The following has been taken directly from the Appraisal Report & Data Delivery Guide published by HUD and the FHA:

Physical deficiencies or adverse conditions
 Enter an “X” in the applicable box indicating whether or not there are any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property.
 If the response is “No,” no explanation is required or needed.
 If the response is “Yes,” an explanation is required and, if necessary, condition the appraisal on the “repair or alteration of the condition” or a “required inspection” by appropriately qualified individuals or entities, which may include professional engineers, tradespersons, or HUD fee inspectors.
o If the housing was built before 1978, address lead paint hazards and, if any, require correction.

For a reference you need to look at page 26.