Posted by PatrickMD on May 03, 2000 at 07:48:52:
Freddy, The federal HUD housing quality standards are in force in all fifty states. Any state that enforces the housing code instead of the fed has “as stringent” codes as HUD, or even “more stringent” codes. It wouldn’t be prudent to assume that because you’re privately financing the sale, the home isn’t within HUD’s jurisdiction. It is. Every state also has a consumer protection branch of the Attorney General’s Office to enforce such codes. You’d have to bring any heavily damaged structure up to those standards before it could be considered habitable. The profitability would be a judgement call on your part after the initial purchase price and the repair costs were added up.