Chapter
1
Appraisal
and Property Requirements
Page
1-08e
HUD/FHA
no longer approves subdivisions. Paragraph
3-11 of the HUD Valuation Handbook 4150.1, Rev-1, has been modified
by Mortgagee
Letter 93-27. This is not applicable to condominiums. The "Builder
Certification" and the "Improved Area" concept are
the current procedures to be followed for subdivision processing.
Construction
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