Common use of Housing Quality Clause in Contracts

Housing Quality. The Property must (1) pass a Housing Quality Standards (HQS) Inspection and (2) if the Property is included within an FHA program, meet minimum FHA Housing Standards as determined by the FHA Appraisal. The County and/or its Agents shall have the right to inspect the Property for compliance with the PATHWAY TO PURCHASE guidelines, including, but not limited to, all applicable local codes and zoning ordinances. Deficiencies identified in both the HQS Inspection and any FHA Appraisal, as reflected in FHA Compliance Inspection Report (HUD-92051), must be corrected prior to closing. All deficiencies identified in the HQS Inspection Report that are an imminent threat to life, health, or safety, as determined by the HQS inspector and PATHWAY TO PURCHASE staff, must be corrected prior to occupancy. In addition, the Borrower must procure an independent home inspection performed by a home inspector licensed by the State (such inspection, an “Independent Inspection”). Notwithstanding the foregoing, if and only if the improvements in and on the Property are newly constructed (i.e. never before occupied and completed within sixty (60) days prior to the date first written above) and a use and occupancy certificate has been issued the County for said improvements, then the Borrower may proceed without an Independent Inspection, provided that Borrower acknowledges as follows: Borrower understands that the HQS Inspection Report is not the equivalent of an Independent Inspection, and Xxxxxxxx is not relying on said HQS Inspection Report for the purpose of ascertaining whether the improvements in and on the Property are constructed without defect or in violation of any applicable codes, laws, or regulations. Moreover, Borrower forever waives any and all rights it may have against Beneficiary as a result of Xxxxxxxx’s decision to proceed without an Independent Inspection. Borrower’s Initials: /

Housing Quality. The Property must (1) pass a Housing Quality Standards (HQS) Inspection and (2) if the Property is included within an FHA program, meet minimum FHA Housing Standards as determined by the FHA Appraisal. The County and/or its Agents shall have the right to inspect the Property for compliance with the PATHWAY TO PURCHASE My HOME II guidelines, including, but not limited to, all applicable local codes and zoning ordinances. Deficiencies identified in both the HQS Inspection and any FHA Appraisal, as reflected in FHA Compliance Inspection Report (HUD-92051), must be corrected prior to closing. All Extensive repairs may be corrected by the Borrower utilizing the FHA 203K Streamline Program; provided, that all deficiencies identified in the HQS Inspection Report that are an imminent threat to life, health, or safety, as determined by the HQS inspector and PATHWAY TO PURCHASE My HOME II staff, must be corrected prior to occupancy. In addition, the Borrower must procure an independent home inspection performed by a home inspector licensed by the State of Maryland (such inspection, an “Independent Inspection”). Notwithstanding the foregoing, if and only if the improvements in and on the Property are newly constructed (i.e. never before occupied and completed within sixty (60) 60 days prior to the date first written above) and a use and occupancy certificate has been issued the by Prince George’s County for said improvements, then the Borrower may proceed without an Independent Inspection, provided that Borrower acknowledges as follows: Borrower understands that the HQS Inspection Report is not the equivalent of an Independent Inspection, and Xxxxxxxx Borrower is not relying on said HQS Inspection Report for the purpose of ascertaining whether the improvements in and on the Property are constructed without defect or in violation of any applicable codes, laws, or regulations. Moreover, Borrower forever waives any and all rights it may have against Beneficiary as a result of XxxxxxxxBorrower’s decision to proceed without an Independent Inspection. Borrower’s Initials: /.

Housing Quality. The Property must (1) pass a Housing Quality Standards (HQS) Inspection and (2) if the Property is included within an FHA program, meet minimum FHA Housing Standards as determined by the FHA Appraisal. The County and/or its Agents shall have the right to inspect the Property for compliance with the PATHWAY TO PURCHASE PGCPAP DPCCA guidelines, including, but not limited to, all applicable local codes and zoning ordinances. Deficiencies identified in both the HQS Inspection and any FHA Appraisal, as reflected in FHA Compliance Inspection Report (HUD-92051), must be corrected prior to closing. All deficiencies identified in the HQS Inspection Report that are an imminent threat to life, health, or safety, as determined by the HQS inspector and PATHWAY TO PURCHASE PGCPAP staff, must be corrected prior to occupancy. In addition, the Borrower must procure an independent home inspection performed by a home inspector licensed by the State of Maryland (such inspection, an “Independent Inspection”). Notwithstanding the foregoing, if and only if the improvements in and on the Property property are newly constructed (i.e. never before occupied and completed within sixty (60) 60 days prior to the date first written above) and a use and occupancy certificate has been issued the by Prince Xxxxxx’s County for said improvements, then the Borrower may proceed without an Independent Inspection, provided that Borrower Xxxxxxxx acknowledges as follows: Borrower understands that the HQS Inspection Report is not the equivalent of an Independent Inspection, and Xxxxxxxx is not relying on said HQS Inspection Report for the purpose of ascertaining whether the improvements in and on the Property are constructed without defect or in violation of any applicable codes, laws, or regulations. Moreover, Borrower forever waives any and all rights it may have against Beneficiary as a result of Xxxxxxxx’s decision to proceed without an Independent Inspection. Borrower’s Initials: /.

Housing Quality. The Property must (1) pass a Housing Quality Standards (HQS) Inspection and (2) if the Property is included within an FHA program, meet minimum FHA Housing Standards as determined by the FHA Appraisal. The County and/or its Agents shall have the right to inspect the Property for compliance with the PATHWAY TO PURCHASE PGCPAP DPCCA guidelines, including, but not limited to, all applicable local codes and zoning ordinances. Deficiencies identified in both the HQS Inspection and any FHA Appraisal, as reflected in FHA Compliance Inspection Report (HUD-92051), must be corrected prior to closing. All deficiencies identified in the HQS Inspection Report that are an imminent threat to life, health, or safety, as determined by the HQS inspector and PATHWAY TO PURCHASE PGCPAP staff, must be corrected prior to occupancy. In addition, the Borrower must procure an independent home inspection performed by a home inspector licensed by the State of Maryland (such inspection, an “Independent Inspection”). Notwithstanding the foregoing, if and only if the improvements in and on the Property property are newly constructed (i.e. never before occupied and completed within sixty (60) 60 days prior to the date first written above) and a use and occupancy certificate has been issued the by Prince George’s County for said improvements, then the Borrower may proceed without an Independent Inspection, provided that Borrower acknowledges as follows: Borrower understands that the HQS Inspection Report is not the equivalent of an Independent Inspection, and Xxxxxxxx Borrower is not relying on said HQS Inspection Report for the purpose of ascertaining whether the improvements in and on the Property are constructed without defect or in violation of any applicable codes, laws, or regulations. Moreover, Borrower forever waives any and all rights it may have against Beneficiary as a result of XxxxxxxxBorrower’s decision to proceed without an Independent Inspection. Borrower’s Initials: /.

Housing Quality. The Property must (1) pass a Housing Quality Standards (HQS) Inspection and (2) if the Property is included within an FHA program, meet minimum FHA Housing Standards as determined by the FHA Appraisal. The County and/or its Agents shall have the right to inspect the Property for compliance with the PATHWAY TO PURCHASE guidelines, including, but not limited to, all applicable local codes and zoning ordinances. Deficiencies identified in both the HQS Inspection and any FHA Appraisal, as reflected in FHA Compliance Inspection Report (HUD-92051), must be corrected prior to closing. All deficiencies identified in the HQS Inspection Report that are an imminent threat to life, health, or safety, as determined by the HQS inspector and PATHWAY TO PURCHASE staff, must be corrected prior to occupancy. In addition, the Borrower must procure an independent home inspection performed by a home inspector licensed by the State (such inspection, an “Independent Inspection”). Notwithstanding the foregoing, if and only if the improvements in and on the Property are newly constructed (i.e. never before occupied and completed within sixty (60) days prior to the date first written above) and a use and occupancy certificate has been issued the County for said improvements, then the Borrower may proceed without an Independent Inspection, provided that Borrower acknowledges as follows: Borrower understands that the HQS Inspection Report is not the equivalent of an Independent Inspection, and Xxxxxxxx Borrower is not relying on said HQS Inspection Report for the purpose of ascertaining whether the improvements in and on the Property are constructed without defect or in violation of any applicable codes, laws, or regulations. Moreover, Borrower forever waives any and all rights it may have against Beneficiary as a result of XxxxxxxxBorrower’s decision to proceed without an Independent Inspection. Borrower’s Initials: /