EXTERIOR FACTORS
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YES
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NO
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Gas or oil wells on or in close proximity to the subject?
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"High pressure" gas or petroleum lines on or in close proximity to the subject?
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Dwellings within a tower’s (high voltage transmission, radio/TV/cell, etc) fall distance?
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Evidence of slush pits, or subsidence/sink holes?
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Noise or hazard from heavy traffic areas or airport clear zones?
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Stationary storage tanks, (above ground & UST's) of flammable or explosive materials?
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In close proximity to dumps, landfills, industrial sites or other locations that could contain hazardous materials?
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Is the property used for active farming activity?
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Are there active farming operations adjacent to or in close proximity to the property?
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Presence of pools of liquid, pits, ponds, lagoons, stressed vegetation, stained soils or pavement, drums or odors?
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Grading does not provide positive drainage from structure(s)?
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Standing water proximate to structure(s)?
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Property is served by a private water system
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If yes, Is public water hookup available?
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Property is served by a private sewer system
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If yes, Is public sewer hookup available?
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Private sewage system shows observable evidence of system failure?
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Separation distance between well and septic tank does not comply with HUD guidelines? (SEE NOTE 1)
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Separation distance between well and drain field does not comply with HUD guidelines? (SEE NOTE 1)
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Separation distance between well and property line does not comply with HUD guidelines? (SEE NOTE 1)
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Are any of the utilities, shared with a neighboring property? (well, septic, gas, electric, etc)
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Structure and accessory building(s) is/are ground level and/or wood is touching ground?
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The house and/or other structure(s) within the legal boundaries of the property show obvious evidence of infestation from wood destroying insects, fungus growth or dry rot?
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Property inaccessible by foot or vehicle?
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Property is not provided with an all-weather surface?
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Property accessible only by a private road or drive? (SEE NOTE 2)
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BUILDING FACTORS
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YES
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NO
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Structural Conditions
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Floor Support Systems- Significant cracks; Evidence of water damage; Evidence of spongy/weak/rotted flooring?
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Framing/Walls/Ceiling- Significant cracks; Visible holes in exposed areas that could affect structure; Significant water damage?
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Attic- Inadequate Access; Evidence of holes; Support structure not intact or damaged; Significant water damage visible from interior; No ventilation by vent, fan or window?
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Foundation
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Basement- Blocked or inadequate access; Evidence of significant water damage; Significant cracks or erosion in exposed areas that affect structural soundness?
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Crawl Space- Blocked or inadequate access; Space inadequate for maintenance and repair; Support beams not intact; Excessive dampness or ponding of water?
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Slab- Significant cracks that could affect structural soundness?
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Roofing
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Evidence of deterioration of roofing materials (missing tiles, shingles, flashing); Roof life less than two years; Signs of leakage observable from ground; Roof is Flat or otherwise unobservable? (SEE NOTE 3)
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A defective roof with 2 or more layers of shingles? (SEE NOTE 4)
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INDOOR ENVIRONMENT FACTORS
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YES
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NO
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In climates where heating systems are required, there is no permanent conventional heating source?
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In climates where heating systems are required, a wood burning stove that is used as the primary heating source without a working permanent back up conventional heat unit?
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Furnace/Heating System
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Unit does not turn 'On'; Heat is not emitted; Unusual or irregular noises are heard; Smoke or irregular smell is emitted; Significant holes or deterioration on the unit(s)?
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Air Conditioning (central)
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Unit does not turn 'On'; Cold air is not emitted; Unusual or irregular noises are heard; Smoke or irregular smell is emitted; Significant holes or deterioration on the unit(s)?
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Electrical System
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(check a representative sample) Electrical switches do not function; Outlets do not function; Presence of sparks or smoke from outlets; Exposed, frayed or unconnected wiring?
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Plumbing System
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Water- Significant drop or limitation in pressure; No hot water?
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Toilet- Toilets do not function; Presence of leak(s)?
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Sinks/Bathtubs/Showers- Basin or pipes leak; Water does not run?
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Leaks- Evidence of damage under fixtures; Puddles present?
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Sewer System- Observable evidence of malfunction?
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OTHER HEALTH AND SAFETY DEFICIENCIES
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YES
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NO
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Is the home built prior to 1978? (SEE NOTE 5)
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Defective Paint
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Evidence of defective paint on exterior? (all buildings & structures and any painted items (including fences, etc) are considered)
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Evidence of defective paint on interior?
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Evidence of non- weather resistant exterior wood/wood trim that is bare paint?
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Other Misc Issues (See Note 6)
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Broken window panes/inoperable windows?
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Broken or missing stairs?
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Broken or missing exterior doors?
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Inadequate/blocked entrances or exits?
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Steps without handrails?
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The mechanical garage door does not reverse or stop when meeting reasonable resistance during closing?
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CONDOMINIUM FACTORS
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YES
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NO
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Property is a condominium?
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Is the property a detached single family residence, but the property's legal description includes the words "unit" or "condominium"?
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This property is not on an FHA or VA approved condominium list? (See Note 7)
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This condominium project does not meet the 51% owner occupancy requirement?
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MANUFACTURED HOME FACTORS
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YES
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NO
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Subject property or any portion of the property is a manufactured home as defined by HUD? (SEE NOTE 8)
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Manufactured home does not have a HUD exterior tag(s)? (usually red or silver)
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Manufactured home does not have a HUD interior data certification label? (8 ½ x 11 paper containing the data such as the manufacturer, year built, and other data on the home)
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Manufactured home has attached additions/structural modifications?
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Manufactured home does not has a permanent foundation? (SEE NOTE 9)
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Manufactured home is not taxed as Real Estate? (personal property title must be purged)
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Additional Notes (From HUD & VA guidelines):
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Note 1: Separation Distances- Well, Septic & Drainfield
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(Per HUD/FHA Procedures for Well Waivers Rev 5/13/2010) For existing construction over one-year old, a request for a waiver of the minimum distance requirements from the well to a potential source of pollution may be considered if it is less than that allowed by HUD Handbook 4905.1 or Mortgagee Letter 2002-25. The Handbook and Mortgagee Letter allows for a lesser distance from the well to the following sources of pollution if there is an impervious strata of clay, hardpan or rock and it is acceptable to state and local authorities. · septic drainfield (100 to 75 feet) · property line (10 feet to 0 feet) provided that the well is not within 10 feet of any roadway or the property line of other than a single-family residential property
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Note 2: Private Roads or Drives
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HUD/FHA- Private Road Access and Maintenance- Private streets must be protected by permanent recorded easements or be owned and maintained by a HOA. Shared driveways must also meet these requirements.
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VA- PRIVATE ROAD/COMMON-USE DRIVEWAY. Evidence that use of the private road or common-use driveway is protected by a recorded permanent easement or recorded right-of-way from the property to a public road, and that a provision exists for its continued maintenance.
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Note 3: Roofs
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HUD/FHA requires that the roof have at least 2 years remaining life. If the roof has less than 2 years remaining life, then the appraiser must call for re-roofing or repair. The condition must clearly state whether the subject is to be repaired or reroofed.
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Note 4: Roofs
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FHA will accept a maximum of 3 layers of exiting roofing. If more than 2 layers exist and repair is necessary, then all old roofing must be removed as part of the re-roofing.
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VA requires all old shingles must first be removed, when a defective roof with 3 or more layers of shingles needs to be replace
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Note 5: Lead Base Paint Hazards
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If the home was built before 1978, this may indicate a lead paint hazard.
For all FHA insured properties, correction is required to all defective paint in or on structures and/or property improvements built before January 1, 1978 in accordance with 24 CFR Part 35. For any home built prior to 1978, check for evidence of defective paint surfaces, including: peeling, scaling or chipping paint.
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VA Guideline- Appraisers must assume that a defective paint condition (involving cracked, scaling, chipped, peeling or loose paint) on any interior or exterior surface of properties built prior to 1978 involves lead-based paint.
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If the home was built on or after January 1, 1978, correction may be required to defective paint in or on structures and/or property improvements
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Note 6: Other Misc Issues
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FHA Mortgagee Letter 2005-48 states: “In a continuing effort to reform and standardize its appraisal requirements, FHA has shifted from its historical emphasis on the repair of minor property deficiencies and now only requires repairs for those property conditions that rise above the level of cosmetic defects, minor defects or normal wear and tear.” Items such as cracked window glass, leaky faucet, and missing handrails are examples of conditions that are not automatically a required repair but could be a repair if the appraiser or the lender, considers it an issue for the MPR goal of “Safe, Sound & Secure”
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Note 7: Condominiums
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Both FHA & VA have guidelines on condominium approvals. You should check whether the condominium is on the respective condominium approval list, prior to purchase contract negotiations.
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Note 8: Manufactured Homes
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A manufactured home is defined as a structure that is transportable in one or more sections. In the traveling mode, the home is eight feet or more in width and forty feet or more in length and is built on a permanent chassis and designed to be used as a dwelling when connected to the required utilities, which includes the plumbing, heating, air conditioning and electrical systems contained therein. A Manufactured Home is designed and constructed to the Federal Manufactured Construction and Safety Standards (MHCSS) as evidenced by an affixed certification label. Manufactured Homes may also be referred to as mobile homes, sectionals, multi-sectional, doublewides, triple-wides or single-wides. Modular housing is built to local/state codes and is not to be considered manufactured housing. When erected on site, to be eligible for FHA insurance the manufactured home is: • Built on or after June 15, 1976 to the MHCSS • At least 400 square feet • Built and remains on a permanent chassis • Designed to be used as a dwelling with a permanent foundation built to FHA criteria
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Note 9: Manufactured Home Foundation
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HUD/FHA- Permanent Foundation must comply with the HUD Permanent Foundation Guide for Manufactured Housing - (Engineering Certificate Required).
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VA- The VA Pamphlet 26-7 describes a number of methods considered to be permanent foundations, based on whether the manufactured home is situated on piers & footings, a concrete slab or continuous footings.
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