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What must a seller in a PID disclose to a potential buyer? If county or city has made some type of improvement that benefits property owners in the area, there will be an additional tax that owners will have to pay. This will transfer to new Buyers so DISCLOSE!
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.
A seller must, however, give buyers 10 days to inspect the property for lead. Nothing in the rule requires an owner to remove lead-based paint or lead hazards from the property.
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
The servicer must follow the procedures in Notifying Fannie Mae of Lead-Based Paint Citations in F-1-12, Preparing to Implement a Workout Option to report the action to Fannie Mae.
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To become lead certified in New Hampshire, you must attend an EPA accredited training program which will last at least 8-hours. During this 8-hour course, you will learn about the dangers that lead poses, how to control the release of lead dust and what paperwork should be filled in during the job.
The federal lead-based paint disclosure regulations apply to residential sale or lease of properties built before 1978.
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.
Section 1018 of this law directed HUD and EPA to require the disclosure of known information on lead-based paint and lead-based paint hazards before the sale or lease of most housing built before 1978.
Section 1018 of the Residential Lead-Based Paint Hazard Reduction Act of 1992 directs EPA and HUD to jointly issue regulations requiring disclosure of known lead-based paint and/or lead- based paint hazards by persons selling or leasing housing constructed before the phaseout of residential lead-based paint use in 1978

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