I wanted to share a photo with you that I took recently of a home I was appraising. It was for an FHA appraisal of an older house built prior to 1978. You may wonder why the year 1978 is so important, so I will tell you. It was in 1978 that lead paint was […]
Is Peeling Paint Killing Your FHA Loan?
February 27, 2010 By 26 Comments
I recently did an inspection for an appraisal on an FHA refinance loan. It was an older home that had been undergoing some updates and renovations. One of the biggest problems I see on older homes, and one which this home had, is peeling and chipping paint. This is not an issue with conventional loans […]
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