Form HUD-171 Clearance Log

What Is Form HUD-171?

This is a legal form that was released by the U.S. Department of Housing and Urban Development on July 19, 2000 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a Form HUD-171 Clearance Log?
A: Form HUD-171 Clearance Log is a document used by the Department of Housing and Urban Development (HUD) to track clearances for properties in the housing market.

Q: Why is a Form HUD-171 Clearance Log important?
A: A Form HUD-171 Clearance Log is important as it ensures that properties meet the necessary requirements and standards set by HUD before they can be sold or rented.

Q: Who uses Form HUD-171 Clearance Log?
A: Form HUD-171 Clearance Log is used by individuals, real estate agents, and property developers who are involved in the sale or rental of HUD-approved properties.

Q: What information is included in a Form HUD-171 Clearance Log?
A: A Form HUD-171 Clearance Log includes details such as property addresses, dates of inspections, names of inspectors, and notes regarding any deficiencies that need to be addressed.

Q: Are there any fees associated with Form HUD-171 Clearance Log?
A: There are usually no fees associated with obtaining or submitting a Form HUD-171 Clearance Log.

Q: What happens if a property fails to meet the clearance requirements?
A: If a property fails to meet the clearance requirements outlined in the Form HUD-171 Clearance Log, necessary repairs or improvements must be made before the property can be sold or rented.

Q: Can a Form HUD-171 Clearance Log expire?
A: No, a Form HUD-171 Clearance Log does not have an expiration date, but it is recommended to keep it up to date as properties may require re-inspections or updates in the clearance status.