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01/15/2012

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Thanks for sharing this information.

Peg

John; I am not an anti all regulation person. Some of it is, however, nuts.

Take a home that I've sold that needed to be lender mediated (short sale). It's a nice home, but with a mid 120's price tag and more than 110 years old, that everything inside and out isn't pristine is not shocking.

We just received an appraisal and "work orders" from HUD. Some of the items are reasonable; safety issues. Yet, other items that must be "repaired" prior to closing seem ridiculous.

When the bathtub and sink water is turned on, the pressure is low. They both function, just without strong pressure. The buyers are OK with this... After all, how often in a small bathroom does a person run both the sink and the bath at the same time? The HUD appraiser, however, is demanding that this be "repaired." Due to the age of the house, the only way to fix it is to do very expensive redos of the plumbing throughout.

If the buyers don't mind the low pressure, and it surely is not a safety issue - then why should the government give two whits about it?

Answer: it should not.

We need to be saved from these "do-gooders" who actually create far more problems with their regulation and demands than without them!

John Pepple

Thanks for that contribution of nuttiness. It's hard to imagine what they're thinking. Maybe they think the next buyers won't like it, even if the current ones don't mind, but that's a future problem for the current buyers, and not HUD's business. Or so I would think.

I, too, don't mind some regulation, but often it gets too far out of hand.

Andrea Harris

You'd think HUD would be approving of the low water pressure in the bathroom. After all, low water pressure uses less water, doesn't it?

John Pepple

Good point, Andrea. I certainly can't think why they'd care about the low water pressure, if the buyers don't care.

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