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Hecm utility inspection form

Hecm utility inspection form 2025

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The document outlines the procedures and responsibilities regarding utility inspections for a property sale. It states that the seller will not activate any utilities for buyer inspections, and any costs associated with connecting utilities will be borne by the purchaser. A licensed contractor from National Field Network will manage the dewinterization and ensure the property is protected during inspections. The purchaser must arrange for disconnection of utilities post-inspection, and additional inspections require prior approval. The document emphasizes scheduling inspections on weekdays.

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Versions	Form popularity	Fillable & printable
2016	4.9 Satisfied (240 Votes)
2015	4.3 Satisfied (152 Votes)

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a utility inspection?

An effective utility inspection should assess the infrastructure for a variety of possible risk factors, security concerns and performance issues. Traditionally, these asset reviews are done in-person by utility inspection teams.

Does reverse mortgage require home inspection?

Reverse mortgages allow homeowners age 62 and older to get a loan by tapping into their home equity. However, you must have an independent appraiser assess the propertys value when applying for a reverse mortgage. The appraisal process involves determining the homes value by inspecting the homes condition.

What disqualifies you from a reverse mortgage?

You may not qualify for a reverse mortgage if youre under the age of 62, dont have enough equity in your home or cant afford the ongoing costs of homeownership, including property taxes, insurance and repairs.

What is the biggest problem with a reverse mortgage?

A reverse mortgage can be an expensive way to borrow. The fees and other costs to borrow money this way can be higher than other alternatives like a home equity loan or home equity line of credit. not have any outstanding federal debt, like unpaid taxes.

What are the mandatory obligations of a reverse mortgage?

As a reverse mortgage borrower, you have three main responsibilities: You are required to pay your property chargessuch as property taxes and homeowners insuranceon time. Your home must be kept in good repair. Your home must be your principal residence.