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( Inspector ), and the INDIANA HOUSING AND COMMUNITY DEVELOPMENT AUTHORITY, a public body corporate and politic of the State of Indiana ( IHCDA ). WITNESSETH: WHEREAS, IHCDA has been designated to receive, administer, and disburse funds under the HOME Investment Partnerships ( HOME ) Program and pursuant to the Cranston-Gonzales National Affordable Housing Act, 42 U.S.C. 12701 et seq., regulations found at 24 CFR Part 92 with funds from the United States Department of Housing and.
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HUDs FAQ
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A pre-inspection agreement allows you to set the exact terms of your inspection and helps insulate you. EliteMGA requires that you always have a signed pre-inspection agreement before you begin an inspection.
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An inspection contingency, also called a “due diligence contingency,” gives the buyer the right to have the home inspected in a specified time period. Depending on the findings of the home inspection, the potential home buyer can negotiate repairs or they can cancel the contract.
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The home inspection clause in the agreement of purchase and sale read: “This agreement is conditional upon the inspection of the property by a home inspector of the purchaser's choice and expense, and receipt of a report satisfactory to him, in his sole and absolute discretion.”
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An inspection agreement is a contract between an inspector and another entity that wishes to procure inspection services from the latter. The contract states who each party is, what inspection services are being procured, and when the inspection date will occur.
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(An inspection agreement typically includes a statement that the inspection report is NOT a guarantee or warranty regarding the present or future operation of the structure or its systems or components.
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