Failed to verify status

Do you have the below error when you setup ORACLE_HOME :

Failed to verify status of /u01/app/oracle/product/11.1.0/inventory/ContentsXML/oraclehomeproperties.xml.

Example-
$ . oraenv
ORACLE_SID = [WMSDEV] ? TEST11
The Oracle base for ORACLE_HOME=/u01/app/oracle/product/11.1.0 is Failed to verify status of /u01/app/oracle/product/11.1.0/inventory/ContentsXML/oraclehomeproperties.xml. Error returned is 13
Unable to change directory to /u01/app/oracle/product/11.1.0/inventory/ContentsXML/ location. The error returned is 13

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Provide 777 Privs to the file oraclehomeproperties.xml at /u01/app/oracle/product/11.1.0/inventory/ContentsXML

If that still doesnt work provide 777 recursive privs (chmod -R 777 inventory)to the inventory folder.
Should'nt bug you the next time ..!