Wood Infestation Report | Propertylogy

Wood Infestation Report

By on November 28, 2018

A wood infestation report is a report often required by lenders when underwriting residential mortgages.

It would include information regarding the presence and proliferation of wood-boring and wood destroying insects like termites at the property. It might also include detail on water damage as well.

It is part of their diligence checks and loan approval process.

The report serves as an assurance to lenders that the property in question is not close to a condemnation condition.

Only will extreme cases of infestation will lead to a loan offer being withdrawn.

It is conducted by licensed home inspectors or pest control experts. And the costs can either be absorbed by the lender or borne by the borrower.

You May Also Like...

hair1 eye1 abs1
Latest Singapore home loan rates
Hidden items that bring up mortgage costs
Hiring a competent agent
How to burn more calories in the office

Send this to a friend