GENERAL REQUIREMENTS FOR PROPERTY AND PRESERVATION
OF PROPERTIES SECURED BY FHA INSURED MORTGAGES
Maximum Property Preservation Allowances
| DESCRIPTION OF SERVICE | MAXIMUM ALLOWANCE |
| Property Inspections | |
| Property Inspections | $30 per unit; $15 additional unit |
| Subsequent inspection (as reqd.) | $20 per unit; $15 additional unit |
| Permit & Vacant property registration | $250 |
| Securing | |
| Initial securing of property | $60 per lock-set & $40 per pad lock; |
| Re-glazing window (replacing a window pane) | $30 |
| Re-securing/re-keying of property | $0 |
| Roof repair | $600 (FHA does not tarp ) |
| Securing in-ground swimming pools | $1,050 |
| Securing above-ground swimming pools | $400 |
| Securing hot-tubs & spas | $50 |
| Maintenance of pools, spas & hot tubs | $100 monthly |
| Boarding | |
| Windows with 1/2″ plywood or equivalent | $80 per window; $550 max for all windows |
| Doors with 5/8″ plywood or equivalent | $150 per opening; $300 |
| Other openings with 3/4″ plywood or equivalent | $125 per opening maximum |
| Debris/Trash Removal/Dumping fees | |
| Amount per cubic yard of trash | $50 |
| Maximum allowable for 1 unit | $600 (Minimum load of 12 cu. yds of waste) |
| Maximum allowable for 2 units | $750 (Minimum load of 15 cu yds of waste) |
| Maximum allowable for 3 units | $900 (Minimum load of 18 cu yds of waste) |
| Maximum allowable for 4 units | $1,050 (Minimum load of 21 cu yds of waste) |
| Vehicle removal | $210 per vehicle |
| Yard Maintenance | |
| Initial cut up to 5,000 sf. | $50 |
| Initial cut 5,001 – 10,000 sf. | $75 |
| Initial cut 10,000 -15,000 sf. | $100 |
| Re-cut up to 5,000 sf. | $40 |
| Re-cut 5,001 – 10,000 sf. | $65 |
| Re-cut 10,000 – 15,000 sf. | $85 |
| Shrub Trimming | $30 per site |
| Hazard abatement | |
| Snow/ice removal | $50 |
| Sump Pump repair | $50 |
| Sump Pump installation | $300 |
| Water Heater/Well/ Septic/ HVAC repair | $300 |
| Pumping water from basement | $1,000 |
| Demolition (excluded from the max allowable perproperty) | Up to $10,000 (single story)Up to $12,500 (multi-story) |
| Winterization | |
| Dry Heat – 1 unit | $100 |
| Dry Heat – additional unit | $50 |
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DESCRIPTION OF SERVICE |
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Wet (steam) Heat – 1 unit |
$150 |
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Wet (steam) Heat – additional unit |
$90 |
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Wet (radiant) Heat – 1 unit |
$250 |
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Wet (radiant) Heat – additional unit |
$125 |
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Reduced Pressure Zone (RPZ) valves |
$150 (if State or locally req‟d.) |
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Pools, Spas, and Hot-tubs |
$200 (if State or locally req‟d.) |
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Utilities |
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Electricity, Gas, Oil, Propane, Water & Sewer |
$75 (For one-time shut off/transfer fee.) |
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Maximum Allowance Per Property |
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$2,500 |
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