Your Email:

Your Name:

To:

Subject:

Message:
compliments of Ryan Halderson- Smart Financial Termite Reports for Loans It is important to understand when termite reports are required on loans and also what a lender considers to be a "clean" termite report. A lender considers a clean termite report to have no evidence of termites on page 1, but also requires that all the boxes on page 2 of the report be checked "No" (wood to earth contact, faulty grades, excessive moisture, etc.). Before sending a termite report to a lender or title company it is important to look at page 2 first. If the report makes its way into an underwriters hands they will force any issues noted on page 2 of the report to be fixed even if the buyer and seller do not want it to be fixed. VA loans always require a termite report. FHA and Conventional only require a termite report if the appraiser calls for it or if the lender has a special internal rule that requires it for their loans http://valleymarketblog.com/index.php/159/