Show V Warning b from Federal Housing Administration Fy FyN N Aroused Arouse by reports from various s sections of the state to the effect t tto that there has been an increase to in poor materials and inferior home construction methods being used use d by a few unscrupulous builders Franklin D Richards state direr or or of the Federal Housing Admin Admin- Administration Administration II toda today issued a arning g I to all persons using the Federal Federa 1 Home Modernization Credit Plan Pla Planor n or the Federal Housing tion tion mortgage insurance system ing g them to give ghe careful scrutiny to all bids for work sub sub- submitted submitted sub submitted to them by contractors and an d builders Jerry builders have become c 4 active again in this state according g to Mr Richards The bait is an exceedingly low Ion to bid against which the legitimate e contractor has hag little or no defense be explained The the Federal Housing Administration Adminis Adminis- Administration Administration Mr Richards pointed out has bas set up certain standards as one of its requirements for lor mortgage insurance One condition for mor mor- mortgage mortgage insurance is that no mater mater- materials of an inferior quality be used The average person is iA with construction problems and therefore may be an easy victim when he gets a bid much V to lower r than others submitted to him and lower than he had bad expect expect- ed expected Administration the Federal Housing Admin Admin- official said We warn all persons to be care lul ful careful in signing contracts for either repairs or new homes If they go ah ahead dishonest d with an incompetent or dis- dis dis honest builder they may expect poor materials and workmanship rom horn W ch they will suffer mater- mater ial mal material loss within a few years Among the properties thrown back on mortgages during the dei depression depression de- de i have been hundreds which Were not worth the price of the mortgage because the work had been shoddily and dishonestly done This has borne heavily on the owners preventing them from get get- get get- ting getting back any portion of their equity |