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Updated over 10 years ago on . Most recent reply

Colby Litzenberger's profile image
Colby Litzenberger's profile image
Colby Litzenberger
  • from Spokane, Washington
  • Member since Jun 3, 2014
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Colby Litzenberger's profile image
Colby Litzenberger's profile image
Colby Litzenberger
  • from Spokane, Washington
  • Member since Jun 3, 2014
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Colby Litzenberger
  • Spokane, WA
3
Votes |
20
Posts
Buying & Selling Real Estate

Economic Life

Colby Litzenberger
  • Spokane, WA
Posted

Hi all

I just looked at a HUD home and in the disclosure it said it is not FHA insurable due to its economic life being under 30 years. My realtor has never seen that language before but she thinks it might just be because the required repairs are more than $5k (no kitchen being the biggest issue). Has anyone seen this before and if so is it possible to get it up and have it be FHA insurable in the future? Or does that economic life tag stay with it forever?

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