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XI 203 Appraisal and Property Inspection Report Forms 110105

XI 203 Appraisal and Property Inspection Report Forms 110105 2025

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The document outlines Fannie Mae's appraisal report forms and guidelines, emphasizing compliance with the Uniform Standards of Professional Appraisal Practice while detailing additional requirements specific to Fannie Mae. It describes the necessary components of appraisal reports, including property inspections, data collection, and analysis. The document specifies various appraisal report forms for different property types and inspection methods, ensuring thorough documentation and rationale for market value opinions.

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Do you have to disclose a home inspection in Texas?

So must the seller share a copy of the inspection report? No. But they must disclose all knowledge of the condition of the property. Property Code 5.008 requires that the notice be completed to the best of the sellers belief and knowledge as of the date the notice signed by the seller.

Which inspection report form are licensed real estate inspectors required to use in Texas for residential inspections?

(1) Except as provided by this section, inspections performed for a prospective buyer or prospective seller of substantially complete one-to-four family residential property shall be reported on Form REI 7-6 adopted by the Commission (the standard form).

Does Texas have a buyer beware law?

Texas changed its property code in 1993, adding section 5.008, which created the duty for all sellers of single family residences to disclose known defects to any potential purchaser.

Can a buyer sue a seller after closing in Texas?

The statute of limitations for bdocHub of contract is four years in Texas. From the time you both signed the contract until you file your case must be four years or less. Your best chance for a successful suit is to use your time wisely. Find issues early if you need to bring a lawsuit for damages against the seller.

What is an ICC certified RCI or CI?

The HUD regulation requires the use of ICC-certified Residential Combination Inspectors (RCI) or Combination Inspectors (CI) inspectors for new construction as well as structural repairs and renovations of existing properties where the local jurisdiction does not provide building code enforcement and requisite

What is an FHA compliance inspection?

Compliance inspections are to ensure that the mortgage risk in construction stays within acceptable limits.

What are home sellers required to disclose in Texas?

The Sellers Disclosure Notice covers a wide range of topics. It asks sellers to list the appliances and systems in the property, any current defects or items known to be in need of repair, past inspection reports, and other conditions of the property.

What fixes are mandatory after a home inspection in Texas?

Major electrical and plumbing defects that pose safe-related risks must be repaired by the seller after a home inspection. These are the kind of defects to include in the repair amendment. However, smaller issues might pop up here and there like outlets missing a cover or cold and hot water lines being interchanged.

XI 203 Appraisal and Property Inspection Report Forms 110105 2025

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