Re: HSM & FED environmental inspections


"Stuart Wheaton" <sdwheaton@xxxxxxxx> wrote in message
news:9c4f8$4abbec2e$d06602ac$2021@xxxxxxxxxxx
azotic wrote:
"Cap and trade is back in the news. By the end of this month, Senate
Environment and Public Works Committee Chairwoman Barbara Boxer
(D-Calif.) is expected to unveil new legislation along the lines of the
Waxman-Markey bill, which passed the House on June 26.


That bill contains 397 new regulations. One of them would affect almost
everyone who buys or sells a home. If Waxman-Markey becomes law, homes
for sale that qualify as "federally related transactions" - which is
almost all of them - would be required to undergo an environmental
inspection.

Inspections are not free. Nor is fixing the inevitable violations."

If passed this legislation could have an adverse effect on homeowners
that have a shop in thier
basement or garage. HSMers will have to hide thier hobby if they decide
to sell thier home. Having personal experience in dealing with an
environmental inspection
prior to selling a home god help you if you get a tree-hugger
environmental inspector. In the
eyes of a tree-hugger your machines, tools, and that shelf with cans of
paint, tapping fluid, solder,
solvents and lubricants make you an evil pollutor and will get you
qualified for a supper fund clean up
when he calls the epa and reports you. An enviromental inspection will be
mandatory prior
to the lender approving the loan for the buyer.

Read more:
http://www.politico.com/news/stories/0909/27448.html#ixzz0S3ZkOiML

Best Regards
Tom.



Absent bill number and page, this is nothing more than a "Death panel"
scare tactic... Want to define "Federally related transaction" Thomas
cannot find that phrase... And that alone makes the whole thing suspect.

I don't think its BS, HR-2454 is very real. See Sec-201 for building codes.
Federally related transaction is double speak for a loan backed with federal
money,
A veteran buying a home thru the GI bill would be a federally related
transaction.

The question is, will an existing home be required to meet the new building
code
before a lender will give the buyer a loan and will lenders require an
inspection
to insulate themselves from potential future litigation.

Best Regards
Tom.



.

Relevant Pages

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  • Re: HSM & FED environmental inspections
    ... Environment and Public Works Committee Chairwoman Barbara Boxer is expected to unveil new legislation along the lines of the Waxman-Markey bill, which passed the House on June 26. ... homes for sale that qualify as "federally related transactions" - which is almost all of them - would be required to undergo an environmental inspection. ...
    (rec.crafts.metalworking)