The Minimum Property Standards (MPS) establish certain minimum standards for buildings constructed under HUD housing programs. This includes new single family homes, multi-family housing and health care type facilities. However, there is one major area of difference between the MPS and other model building codes: durability requirements. Homes and projects financed by FHA-insured mortgages are the collateral for these loans and their lack of durability can increase FHA's financial risk in the event of default.
FHA-HUD requires minimum standards before they will insure the mortgage on the home. You will learn such things as what safe access is, what are hazards, construction details, drainage, minimum room count, sanitation and what utilities are required to be in place.
FHA is strict with its rules and this is in respect to property condition. It will not insure homes failing to meet basic safety and habitability requirements. This conference by Paul Flogstad will help you learn what these requirements are.
In this program, you will learn:
Who should attend
Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, property management and property management consulting/training. Through his consulting company, Property Management Solutions, he provides training and consulting servi... More info