Starting Sept. 14, the U.S. Department of Housing and Urban Development is including a mandate that instructs lenders to inform borrowers when they first meet to get a home inspection prior to purchasing a home. The mandate will be added to the HUD/Federal Housing Administration Single Family Policy Handbook and will include a document called “For Your Protection, Get a Home Inspection.”
“We are proud to provide critical inspection information for this handbook to help home buyers protect themselves,” says Frank Lesh, American Society of Home Inspectors, executive director. “Owning a home is one of the biggest financial investments in a person’s life, and a home inspection can help prevent costly problems.” We agree!
Source: “HUD and FHA Urge Buyers to Have Homes Inspected Before Purchase,” RISMedia (Aug. 31, 2015)