First Time Vacant
The first report which indicates a property as vacant is called “first time vacant” or “FTV”.  Correct inspection results on FTV properties are critical because this report initiates a series of events and possibly expensive services.  The information supplied on the “FTV report” is used to determine if property preservation work is required [...]

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 Here is the most current Property Inspection Service Requirements included in HUD Regulations and FHA Requirements
ATTACHMENT 2 Property Inspection Service Requirements and Cost Schedule (2008 Update)

Vacant and abandoned properties are potential targets for vandalism, weather damage and criminal activity. Additionally, they present an attractive nuisance that poses a hazard to [...]

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