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Double whammy: Florida condo market grapples with rising insurance costs, milestone inspections

Housing Wire

What is happening with condos is that we have the condo safety act that was implemented, and the milestone inspections, and then the reserve fundings that are going to be required,“ Pithers added. Then those milestone inspections are forcing associations to do work that makes their complexes more attractive as an insured risk.

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MBA to HUD: Publish notices about challenges with real estate inspection protocols

Housing Wire

Department of Housing and Urban Development (HUD), which urges the department to avoid reprimanding mortgage servicers for compliance lapses with the new National Standards for the Physical Inspection of Real Estate (NSPIRE) system until it is “fully accessible and usable to each participant.”

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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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CoreLogic integrates CAL FIRE inspection data

Housing Wire

The firm announced Friday that it is incorporating Public Resource Code (PRC) 4291 inspection data into its WFMS. Typically, insurers obtain proof that a property has passed inspection from the policyholder. Started in 2016, the inspection database is maintained by the California Department of Forestry and Fire Protection (CAL FIRE).

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Home Inspection Tips for As-Is Properties

RIS Media

You must inspect thoroughly and prepare to make informed decisions. I will provide an education on the following: Key areas to inspect in an as-is home. Specific advice on conducting and preparing for inspections. … The post Home Inspection Tips for As-Is Properties appeared first on RISMedia.

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The Importance of Condo Inspections Before Purchase

RIS Media

A thorough condo inspection is essential to make a well-informed decision and avoid pitfalls. I have put tremendous effort into… The post The Importance of Condo Inspections Before Purchase appeared first on RISMedia. Like any other real estate purchase, it pays to understand what you’re buying.

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Home Inspection Tips for Townhouse Sellers

RIS Media

A thorough home inspection can ensure a smooth transaction. Knowing what inspectors look for helps you address issues beforehand.