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Chapter
1
Appraisal & Property Requirements
Page
1-16
To
be eligible for FHA Insurance a property is to be "legal"
and free of health and safety hazards and major structural problems.
If the use is not legal, the property is not eligible for HUD
mortgage insurance and remains such until it becomes legal.
A property can be "legal" "non-conforming".
In this case the non-conformance part is to be reflected in value,
if applicable.
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