DATE OF INSPECTION: August 18, 2014
ADDRESS: 13939 Johnson Road, Phelan, CA 92371
OWNER/S: Mark Earl Barlow - Micehele Lee Barlow
TYPE OF STRUCTURE: Single Family, HUD Factory-Built, Fuqoi
HUD ID NO.: Unknown
FHA Loan No.: 048-8023638-703
MAP REFERENCE: 4383C3/725-D1
STRUCTURE SIZE: 1440 SqFt
LOT SIZE: 88,426 SqFt
YEAR BUILT: 1987
YEAR INSTALLED: April 29, 1992
PURCHASE PRICE: $82,000
DATE OF PURCHASE: May 24, 2010
SELLER AGENT: John F. Snyder, Shear Realty- AV
Inspections - HUD 4240.4 1-9.D:
All inspections are performed by HUD-approved fee
inspectors assigned by the HUD Field Office (but paid by the lender) or on the HUD-accepted staff of the DE lender (see paragraph 5-2.C.). The fee inspector is to use the architectural exhibits in order to make a determination of compliance or non-compliance. The HUD accepted Plan Reviewer can be allowed to do the fee inspections on the property, because he/she is already familiar with the proposed improvements and can inspect the rehabilitation knowing what was accepted in the work write-up
Cost of Rehabilitation - HUD 4240.4 1-10.B:
Expenses eligible to be included in the cost of rehabilitation are materials, labor, contingency reserve, overhead and construction profit (put in each work item), up to six (6) months of mortgage payments, plus expenses related to the rehabilitation such as permits, fees, inspection fees by a qualified home inspector (i.e., a member of the American Society of Home Inspectors), licenses, inspection fees during construction by a HUD accepted inspector, lien protection fees for title updates and architectural/ engineering fees.
Inspection Fee (During the Rehabilitation Construction Period) -HUD 4240.4 1-13.D:
Established by the local HUD Field Office (see paragraph 5-2.C.), however, Field Offices wanting to set a fee greater than $50 must obtain Headquarters approval.
1) Fees for inspections will be allowed for inclusion in the cost of rehabilitation. If all inspections are not required, remaining funds will be applied to the principal after the final release notice is issued.
2) If additional inspections are required by the lender to ensure satisfactory compliance with exhibits, the borrower or contractor will be responsible for payment; however, the lender has ultimate responsibility.