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Commonly Asked Questions about Lead Paint Disclosure in Real Estate

Lead Warning Statement The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the sellers possession and notify the buyer of any known lead-based paint hazards.
This requires that potential buyers and renters of housing built prior to 1978 receive certain information about lead and lead hazards in the residence prior to becoming obligated to buy or rent, and provides the opportunity for an independent lead inspection for buyers.
The only requirement for a lead paint hazard is that the home was constructed before 1978, when lead-based paint was banned by the government for use on residential market.
Before considering a deed-in-lieu of foreclosure on a tenant-occupied property built before 1978, if the Servicer is aware of, or becomes aware of, any outstanding lead-based paint or health code citations or violations against the property or property owner, it must notify Freddie Mac (see Directory 5), and include a
The FHA/HUD official site reminds residents and landlords that the Lead Disclosure Rule requires home sellers and landlords of housing, built before 1978 to disclose to purchasers and potential tenants knowledge of lead-based paint or lead-based paint hazards using a disclosure form, signed by both parties, attached
Disclose any known information concerning lead-based paint or lead-based paint hazards. The seller or landlord must also disclose information such as the location of the lead-based paint and/or lead-based paint hazards, and the condition of the painted surfaces.
If your home was built after 1978, you are most likely fine. (Though if youre seeking peace of mind, a quick swab test is not inordinately expensive.) Even if your home was built before 1978, you may not be immediately at risk. Just be sure that the paint on your walls is not deteriorating and is in good shape.