I can’t believe that 10 years after it went into effect many underwriters still don’t get it. The following excerpt is copied from a 203(k) consultant’s work write up describing work that must be required of the borrower or homeowner during a renovation: “RRP: Provide all required containment/cleanup/disposal by a licensed Paint Stabilization professional for…

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Fire Smoke Alarm

FHA Consultants recognize there’s little dispute that smoke alarms and carbon monoxide alarms help save lives. FHA believes the relatively inexpensive devices are considered important safety features. Consultants should take extra precautions to insure the 203(k) remodel includes an inspection to update the home to current fire safety standards. 4000.1 Handbook: Minimum Property Requirements (MPR)…

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