Property Preservation, HUD Regulations and REO Property Preservation




Posted by Terry Platt

Are all HUD/FHA Regulations the same throughout the United States?

No.  Different areas of the country have different fees, different dates for winterization and different dates for lawn service.  Although the regulations are very, very similar at first glance, they are not the same across the entire country and sometimes even vary within a state or a county within a state.

Each attachment to the HUD Regulations has it’s own “Local Variations from General Requirements” which are the last pages of each attachment.  Although the content of each attachment does pretty well apply to all properties, contractors must be knowledgeable of the local variations for that attachment.

Using the state of Florida as an example, one can read all of attachment 7 (winterization) up to the cost schedule without finding Florida mentioned or any other state for that matter.  After reading the text, you will find the Winterization Service Cost Schedule with Florida winterization fees listed.  If one does not know that local variations may exist, it would be somewhat logical to assume that properties in Florida are to be winterized and billed according to the rate found in the cost schedule.  This is not the true story, however.  Turning one more page reveals the Local Variations from General Requirements for this Attachment 7 (winterization).  Reading the local variations, one will find that only properties in Jacksonville Florida and north of Jacksonville Florida are to be winterized and only from September 1 through April 30.

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