An FHA loan is a federal-assistance mortgage loan offered by qualified lenders and backed by the Federal Housing Administration. During the Great Depression of the 1930s, soaring foreclosure and default rates led lenders to tighten their loan requirements to the detriment of the prospective homeowner. The FHA was created during this time to provide lending […]
A “short sale” is a real estate sales transaction in which the seller’s mortgage lender agrees to accept a payoff of less than the balance owed on a property’s loan. This typically happens when a borrower can’t pay the remainder of the mortgage loan on their property, but the lender decides that selling the property at […]
Asbestos – What is Asbestos? Asbestos is a mineral fiber that can be positively identified only with a special type of microscope. There are several types of asbestos fibers. In the past, asbestos was added to a variety of products to strengthen them and to provide heat insulation and fire resistance. InterNACHI inspectors can supplement their […]
Air Quality in the Home – Indoor air quality is generally worse than most people believe, but there are things you can do about it. Some Quick Facts: Indoor air quality can be worse than that of outdoor air. Problems can arise from moisture, insects, pets, appliances, radon, materials used in household products and furnishings, smoke, […]
Inspecting Wood Shingle and Shake Roofs – Although asphalt shingles are the most commonly used roofing material in the United States, another type of roofing material the home inspector may encounter is wood shingles or wood shakes. Wood shingles are sawn, lie flat on one another, and are thinner and more uniform than wood shakes. Wood […]
Smoke Detectors and Smoke Detector Location – A properly installed and maintained smoke alarm is the only thing in your home that can alert you and your family to a fire 24 hours a day, seven days a week. Industry experts at the NFPA have determined that in a typical home fire, you only have three […]
Inspecting basement egress rescue openings – It should be no surprise that there are specific requirements for basement egress windows and rescue openings. As a home inspector, it is important to familiarize yourself with these requirements. Local regulations and codes vary across the country, so be sure to familiarize yourself with the requirements in your area […]
Water Heaters That Are Installed in Garages – You may live in an area of the country where the majority of water heaters are located in the garage. It is acceptable to have water heaters in the garage but there are some things that you need to be aware of. The authority on determining what the […]
How to Reduce your Heating Costs? During the cold months we all feel the pinch of the cost of heating our homes. There are many things we can do to lower our heating bills. While some of these may cost money, there are simply and effective ways to lower your heating bills that do not cost […]
15039 Nottingham Way, Lake Elsinore, CA 92530 is a Single Family Residence located in Riverside County, California. The home has 4 bedrooms and 2.0 bathrooms, and approximately 1,717 square feet of interior space. This home for sale at 15039 Nottingham Way was built in 1974 and sits on a 7,841 square foot lot. – Description […]
