HUD Home Inspection Form

The 2005 AAR Residential Resale Real estate Contract in includes a provision in the financing section addressing the FHA Notice “For Your Protection: Get a Home Inspection.” The contract states at Section 2k:

FHA Notice (FHA Buyer Initials Required): HUD does not warrant the condition of the property. By initialing below, Buyer acknowledges receipt of Form HUD-92564-CN, “For Your Protection: Get a Home Inspection.” Buyer further acknowledges that such form was signed at or before the Contract date. Signed HUD-92564-CN is attached and made a part of this Purchase Contract.

FHA thereafter revised the form and eliminated the requirement that the form be signed by the buyer.

The current form is available at: www.hud.gov/offices/adm/hudclips/forms/files/92564-cn.pdf

However, Mortgagees are required to provide the form to buyers at first contact. See: www.mortgagebankers.org/files/News/InternalResource/45777_MortgageeLetter06-27.pdf

Contract Section 2k will be modified when the AAR Contract is revised. Until that time, buyer’s agents can: (1) ask their buyers to sign the form and attach it to the Contract; or (2) strike: “Buyer further acknowledges that such form was signed at or before the Contract date. Signed HUD-92564-CN is attached and made a part of this Purchase Contract.” If you have questions, talk to your broker or manager.