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July 2 – July 6
The content of this ebook came about by way of the creation of an online course for property preservation contractors. The course is one of a group of courses on topics 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 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, 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.
Terry Platt, Mr Preservation