HUD has issued new guidance on Assistance Animals in housing, repealing all prior policy guidance and relying more on the “trained service animal” standard under the Americans With Disabilities Act (ADA). This eliminates the prior presumption that requests for untrained [...]
The Uniform Residential Appraisal Report (URAR), required by Fannie Mae & Freddie Mac as part of their loan underwriting guidelines, has received a much-needed overhaul, utilizing the Uniform Appraisal Dataset (UAD) 3.6. The last major update to the Appraisal Report/UAD was about 15 years [...]
In the olden days, property transactions were governed by “buyer beware” and the seller had no duty to disclose known conditions. In the 1990s, however, both Texas and Oklahoma legislatures realized that sellers should have a legal duty to disclose known defects. While buyers do still bear [...]
Absolutely! The Seller's (or Landlord's) disclosure of lead-based paint hazards is required by federal law - and brokers are also required to ensure compliance. Sellers (Landlords) must disclose known hazards or reports to Buyers (Tenants), who must [...]
