Monthly Archives: January 2009

Yard Maintenance and Snow Removal Requirements

ATTACHMENT 6 Yard Maintenance and Snow Removal Requirements and Cost Schedule (2008 Update)   I. Grass Cuts Lawn cutting (initial and subsequent cuts) includes mowing the lawn, weeding, edge trimming, sweeping of all paved areas (sidewalks, driveways, patios, etc.), and … Continue reading

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Debris Removal Service Requirements

ATTACHMENT 5 Debris Removal Service Requirements and Cost Schedule (2008 Update) A Mortgagee may expend up to the amount listed in this attachment for debris removal without prior written approval from the M&M contractor. Costs such as labor hours, dump … Continue reading

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Boarding Service Requirements

ATTACHMENT 4 Boarding Service Requirements and Cost Schedule (2008 Update) Mortgagees should not board a property unless they have prior written approval from the M&M contractor, and/or: • The property is severely damaged by fire, flood or other natural disaster; … Continue reading

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Lock Change/Securing Service Requirements

ATTACHMENT 3 Lock Changes/Securing Service Requirements and Cost Schedule (2008 Update) Properties must be secured to prevent unauthorized entry and protect against weather related damage. The cost schedule to this attachment includes a Maximum Allowable Securing Fee for securing that … Continue reading

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Property Inspection Service Requirements

ATTACHMENT 2 Property Inspection Service Requirements and Cost Schedule (2008 Update)   Vacant and abandoned properties are potential targets for vandalism, weather damage and criminal activity. Additionally, they present an attractive nuisance that poses a hazard to children and others … Continue reading

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Maximum Allowable Cost Per Property

Attachment 1 Maximum Allowable Cost Per Property (2008 Update)   Maximum Allowable Cost Per Property State 1 Unit 2Units 3Units 4 Units Alabama $800 $950 $1100 $1250 Alaska $1400 $1550 $1700 $1850 Arizona $1100 $1250 $1400 $1550 Arkansas $1100 $1250 … Continue reading

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General Requirements

GENERAL REQUIREMENTS FOR PRESERVATION AND PROTECTION OF PROPERTIES SECURING FHA INSURED MORTGAGES Mortgagee Responsibility Mortgagees should preserve and protect properties securing FHA-insured mortgages in accordance with the requirements of 24 CFR 203.377, which provides that “the mortgagee shall take reasonable … Continue reading

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