Puzzled By HUD FHA Property Preservation Guidelines?
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Mortgagee Letters published by HUD, U.S. Department of Housing and Urban Development, have historically been a misunderstood source of information for the Property Preservation industry and often are recognized as the causation of contention between industry practitioners. Although this ebook is addressed to Property Preservation Contractors, others may find answers to their many questions left unanswered after a perusal of mortgagee letters. 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, Mr Platt 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 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.