Form Hud92564-Vc - Notice To The Lender printable pdf download

Department of Housing

Part 2:

OMB Approval No. 2502-0538

and Urban Development

(EXP. 04/30/03)

Comprehensive Valuation Package

Office of Housing

Valuation Conditions

Federal Housing Commissioner

Case

Number:________________________

Notice to the Lender

All required repairs must be completed in a professional manner, in compliance with HUD’s guidelines and satisfied prior

to closing. The lender is responsible for coordinating repairs. A professionally licensed, bonded, registered engineer,

licensed home inspector or appropriately registered/licensed trades person, as applicable, must provide documentation

that all deficiencies have been acceptably corrected upon completion of repairs.

HE LENDER IS REQUIRED TO TRANSMIT THIS APPRAISAL TO THE BORROWER

BUYER AS SOON AS POSSIBLE

Handbook for repair and inspection requirement

LOCATION CONSIDERATIONS

parameters.

VC-2 S

VC-1 L

OIL

ONTAMINATION

OCATION

AZARDS

UISANCES

Check the appropriate response for evidence of

Check the appropriate response for readily observable

evidence of hazards. Hazards, as defined below, are

environmental contamination

conditions that endanger the health and safety of the

Provide a description of yes responses on Page 4:

a. On-site septic shows observable evidence of

occupants and/or the marketability of the property. Use

these criteria to determine the extent of the hazard.

system failure

Please refer to HUD Handbook 4150.2 Section 2-2 for

yes

unacceptable locations and the protocol in Appendix D of

b. Surface evidence of an Underground Storage Tank

the Handbook for further guidance. If the required

(UST)

component is not visible during the site visit, provide a

yes

detailed comment.

c. Proximity to dumps, landfills, industrial sites or other

locations that could contain hazardous materials

Provide a description of yes responses on Page 4:

yes

a. Surface evidence of subsidence/sink holes

d. Presence of pools of liquid, pits, ponds, lagoons,

yes

stressed vegetation, stained soils or pavement,

b. Operating oil or gas wells within 300 feet of existing

drums or odors

construction

yes

c. Operating oil or gas wells within 75 feet of new

VC-3 G

RADING

RAINAGE

construction

Check the appropriate response for evidence of

yes

topographical problems.

d. Abandoned oil or gas well within 10 feet of

Provide a description of yes responses on Page 4:

new/existing

a. Grading does not provide positive drainage from

structure

yes

e. Readily observable evidence of slush pits

b. Standing water proximate to structure

yes

Excessive noise or hazard from heavy traffic area

yes

VC-4 W

, I

ELL

NDIVIDUAL

ATER

UPPLY

EPTIC

g. New/proposed construction in airport clear zone

Check the appropriate response with regard to

yes

individual wells and septic system.

h. High-pressure gas or petroleum lines within 10 feet of

Provide a description of yes responses on Page 4:

property

a. Property lacks connection to public water*

yes

b. Property lacks connection to a public/community

Overhead high voltage transmission lines within

sewer system

engineering (designed) fall distance

yes

*Lender will require water testing for “yes” response.

a. Excessive hazard from smoke, fumes, offensive

NOTE: Connection should be made to public or

noises or odors

community water/sewage disposal system. Estimate

yes

distance to sewer or water hook-up and whether hook-up is

b. New/proposed construction in Special Flood Hazard

practical.

Areas without LOMA or LOMR

yes

VC-5 W

OOD

ESTROYING

NSECTS

c. Stationary storage tanks with more than 100 gallons of

Check the appropriate response for evidence of wood

flammable or explosive material.

infestation

yes

Provide a description of yes responses on Page 4:

a. Structure and accessory buildings are ground level

and/or wood is touching ground

PROPERTY CONSIDERATIONS

yes

Mark “YES” for any readily observable deficiency noted

b. The house and/or other structures within the legal

below. Each “YES” constitutes a limiting condition on the

appraisal. Each condition requires repair or further

boundaries of the property show obvious evidence

inspection. These conditions must be satisfied prior to

of active termite infestation

closing for the mortgage to be eligible for FHA mortgage

yes

insurance. Please refer to HUD Handbook 4150.2

Section3-6 for guidance on HUD’s General Acceptability

Criteria. Also, refer to the protocol in Appendix D of the

form HUD92564-VC (4/2000)

Page

Form Hud92564-Vc - Notice To The Lender

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