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HUD REAC Inspection Help
Don't wait to the last minute to prepare for a REAC inspection. The rules have changed since your last inspection, just like IRS rules, and you have to keep up with the changes. Don't be lulled into a false sense of confidence because you received a high score in your last inspection. And waiting to the last minute to prepare is the same as not preparing because you may find you don't have the time to correct all of the deficiencies you thought you did not have.
There are a lot of new inspectors, they are not well trained and their mistakes and strict interpretation of the rules can have an adverse affect on your score and hundreds of thousands of dollars in refinancing, pending sales, etc. Why even take a chance hire an expert to guide you and minimize your exposure.
I have conducted hundreds of REAC inspections of multifamily and public housing properties ranging in size from one building one unit to dozens of buildings and hundreds of units, am well versed on the current interpretation and application of the REAC Protocol and rules and regulations that govern the inspection and technical review process.
Some valuable REAC links
Contact REAC: http://www.hud.gov/offices/reac/contactus/xbusiness.cfm
REAC Library: http://www.hud.gov/offices/reac/library/reaclibrary.cfm
Dictionary of Deficiency Definitions (DDD) - used by inspectors in evaluating properties (issued March 8, 2000, 325 pages): http://www.hud.gov/offices/reac/pdf/pass_dict2.3.pdf
Compilation Bulletin (23 pages, issued August 26, 2002) post dates Inspectable Items in the Dictionary of Deficiency Definitions and clarifies the Definitions: http://www.hud.gov/offices/reac/pdf/pass_bulletin.pdf
Inspection Guides further supplement the DDD and the Bulletin: http://www.hud.gov/offices/reac/products/pass/servicing.cfm
Technical Review and Database Adjustment (Appeal Process) http://www.hud.gov/offices/reac/products/pass/pass_guideandrule.cfm
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