High Tension Towers and the FHA Guidelines
By Mike Young, FHA 203k Consultant 916-758-1809 cell direct
(203kOnLine.com, covering the USA)
High Tension Towers and the FHA GuidelinesThis is why you must stay up on the HUD Handbook 4000.1 as a consultant. In 2008 or 2009 when I did this consultation. The underwriter was poised to close escrow the following day but noticed the Pest Report called out a structural beam to be replaced. That caused this Limited 203k to switch to a Standard 203k project. I was sent out to write it up and get it turned in ASAP. When I arrived I saw this HT owner adjacent to the house. FHA didn't, at that time, allow a HT tower to be be within the fall distance of a home they were working on. The deal died right then and their. I didn't charge any fee though I certainly could have charged a trip fee. Today, this would still be the case however based on my understanding of the HUD Handbook 4000.1, ...
Comments
5