HUD new rule

HUD Acting Deputy Secretary and FHA Commissioner Brian Montgomery added, "Today we are making certain FHA responds to what the market is telling us. This new rule allows FHA to meet its core mission to support eligible borrowers who are ready for homeownership and are most likely to enter the market with the purchase of a condominium."

If the owner/agent agrees to the date, the contractor should then send a new confirmation. If both inspections are refused or unsuccessful as the result of the owner/agent, the inspector is to report this to HUD, and the property will receive a score of zero, and this will be the inspection of record.

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