1.
General Requirements - For all properties built before January 1, 1978, the appraiser
must inspect ALL interior and exterior surfaces, such as walls, stairs, deck,
porch, railing, eaves, windows, doors, fences, detached garages and other outbuildings
and appurtenant structures for defective paint surfaces (i.e. chipping, peeling
or flaking paint) and report defective conditions in the appraisal report.
2.
For condominium units, the appraiser needs to inspect the interior of the unit
and exterior surfaces and appurtenant structures of the specific unit being appraised. 3.
Refinances with an appraisal are also subject to this inspection and abatement
procedure. Please
see: HUD Handbook
4150.2 Section 3-6A.17, 4000.2
Rev-3 Section 2-6, Mortgagee Letter
96-67 and Mortgagee
Letter 00-01. Also please visit HUD's Office of Healthy
Homes and Lead Hazard Control for further information on lead based paint
hazards.
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