FHA Issues Waiver for Counties California Impacted by Wildfires

small contractor estimating software

January 22 2018, the Federal Housing Administration (FHA) issued a waiver for four additional counties — Los Angeles, San Diego, Santa Barbara, and Ventura — in California impacted by wildfires, allowing damage inspections to be conducted by home construction services beginning January 18, 2018. This waiver is in addition to the two previous waivers issued by FHA on October 24, 2017, and November 2, 2017, respectively, of its policy on the timeframe for completing the inspection of properties prior to closing, or submitting the mortgage for FHA insurance endorsement in the Presidentially-Declared Major Disaster Areas (PDMDAs) in certain counties in the state of California impacted by wildfires.

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Holiday Contractor Software Savings – 50% OFF for 1 year!

construction project management software

Here at Pro Software Solutions we are always working to improve our systems. Originally developed as the only online 203k Consultant software, Easy 203k Professional has now been customized as construction project management software for Contractors and Handymen as Easy Contractor Professional.

Check out our new system for your handyman/home inspection projects and get 50% off your Easy Contractor Professional monthly subscription fee for 1 year  – or if you currently use Easy 203k Professional — refer your contractor partners to try Easy Contractor Professional and get 20% off your Easy 203k Professional monthly subscription fee for 1 year if they sign up for a paying plan within 1 month after end of promotion.

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FHA Waiver Allows Home Inspections

home construction service

The Federal Housing Administration understands the needs of those affected by the recent hurricanes including home construction services. On November 9th the Federal Housing Administration (FHA) issued a waiver covering all municipalities in Puerto Rico impacted by Hurricane Maria (Maria), allowing damage inspections to be conducted beginning November 9, 2017. This waiver is in addition to the waiver issued by FHA on October 24, 2017, of its policy on the time frame for completing the inspection of properties prior to closing, or submitting the mortgage for FHA insurance endorsement in the Presidentially-Declared Major Disaster Areas (PDMDAs) in municipalities in Puerto Rico impacted by Maria.

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FHA Disaster Foreclosure Moratorium Extended

construction management software

On October 20 2017 the Federal Housing Administration (FHA) published Mortgagee Letter 2017-15, Extension of Initial Disaster Foreclosure Moratorium for Properties in Specified Areas Impacted by Hurricanes Harvey, Irma, and Maria. This Mortgagee Letter (ML) communicates specific guidance for the extension of the foreclosure moratorium for FHA-insured properties in the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA)-designated Individual Assistance Areas that are located within the Presidentially-Declared Major Disaster Areas for Hurricanes Harvey, Irma, and Maria. The extension of these three initial moratoriums applies to the initiation of foreclosures and foreclosures already in process.

 

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Small Contractor Estimating Software Recommends…

All contractors double and triple check your bids!!

With the recent surge along the the gulf coast, U.S. Virgin Islands, Bahamas and Puerto Rico, all contractors should make sure you add the following statement to your construction contracts, “Contractor reserves the right to cancel the contract at any time prior to commencement of any work”. Why do the contractors using our small contractor estimating software recommend this?

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