Puzzled by HUD FHA Property Preservation Guidelines?
Finally, use your head. Nothing in this guide is intended to replace common sense, legal, medical or other professional advice, and is meant to inform and entertain the reader. So have fun!
This Amazon Best Seller contains the complete text of an online course for property preservation contractors. The course is one of a group of courses for contractors in the property preservation business – the understanding of which is essential for the success of property preservation contractors. The group of courses are known as the “Foundation Courses” and are available at www.QCUniversity.com.
Teaching is a transfer of knowledge. Instructors give information or instruction with the intention of having the student learn or understand the subject and go on to accept the teachings as fact or principal. But how can one expect student understanding when the subject matter is vague and written for an entirely different audience other than the student? This is the case with Mortgagee Letters – written with ambiguous wording and a lack of clearly defined methodology. As for the audience, HUD cannot be faulted for not addressing this issue; they have – but the industry as a whole has never made a point of educating contractors as to the purpose or intent of Mortgagee Letters.
HUD issues Mortgagee Letters, often called HUD Guidelines, with the expectation they be honored as the law of the land but by way of imprecise communication force the recipient to interpret the content as they see fit and only offer clarification or additional information when approached with direct and specific questions or when responding to actions in the field with punitive intent. For years Mortgagee Letters have trended toward skimpiness and vagueness. As an example of that trend, HUD Mortgagee Letter 2002-10 was 170 pages; the most recent Mortgagee Letter, ML 2010-18, is sixteen pages. This is not intended to be a condemnation of HUD as the agency has given satisfactory explanation in the past of its ongoing trend of less specificity.
Readers are forewarned that the author’s comments are yet another interpretation of the mortgagee letter – written neither as gospel or guess but written with the sincere intent to help contractors find the missing pieces of the mortgagee letter puzzle.
Mortgagee Letters published by HUD, U.S. Department of Housing and Urban Development (HUD, FHA), have historically been a misunderstood source of information for the Property Preservation business and often are recognized as the causation of contention between industry practitioners.
Although this ebook is addressed to those in the Property Preservation Business, others may find answers to their many questions left unanswered after a perusal of mortgagee letters.
HUD Mortgagee Letter 2010-18 is examined with the intent of revealing to property preservation contractors that Mortgagee Letters were not published for them nor intended to serve as their guide to field services or servicing fees. However, the author acknowledges that the majority of the industry fails to recognize or accept this as fact and therefore he encourages contractors that use Mortgagee Letter ML 2010-18 as their authority on the subject of property preservation expand their understanding of that letter by analysis of the comments and resources mentioned in this ebook.
Practically every paragraph in the ML 2010-18 is scrutinized for evidence of the letter’s intended audience and if such is found, it is pointed out. Practically every paragraph is evaluated for its potential for the transfer of knowledge to property preservation contractors and, if needed, and if possible, are enhanced by reference to additional resources and comments by the author.
The content of HUD Mortgagee Letter 2010-18 and its attachment are presented along with any author comments. If comments are provided, their start will be marked by the Mr Preservation™ caricature and text of the comments will appear with a lightly shaded background.