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Friday, October 13, 2006 - FHA - Form Revised - "Get a Home Inspection"

TO: ALL APPROVED MORTGAGEES
SUBJECT: Revision to form HUD-92564-CN, For Your Protection:  Get a Home Inspection

The Federal Housing Administration (FHA) has revised form HUD-92564-CN  for Your Protection:  Get a Home Inspection.  The purpose of this revision was to create a more conspicuous, easy-to-understand document that informs homebuyers of the availability and importance of getting an independent home inspection.  The form also provides clarification of the differences between an appraisal and a home inspection and stresses the importance of radon testing...


To read this mortgagee letter in its entirety, please visit: http://www.hud.gov/offices/hsg/mltrmenu.cfm select 2006 letters and click on the letter of your choice.

To dowload a copy of the new form, CLICK HERE


Update to this prior post in a clarification letter from HUD on 10/31/06

"Notice for FHA Lenders:

Effective immediately: If form HUD-92564-CN, "For Your Protection: Get a Home Inspection" is incorporated or if the language is stated within the executed sales agreement in its entirety, it is not necessary to provide the homebuyer a separate copy of the form HUD-92564-CN."

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