InspectionNews - Home Inspection



Welcome to the InspectionNews - Home Inspection forums.

You are currently viewing InspectionNews as a guest which gives you limited access to view most discussions but not pictures. There are over 6,300 inspectors who have already joined. By joining InspectionNews you will be able to see the pictures, have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features. Registration is fast and simple so please, join InspectionNews today!

If you have any problems with the registration process or your account login, please contact us.

Why join InspectionNews? Read the Testimonials
Reply
 
LinkBack Thread Tools Search this Thread
  #1 (permalink)  
Old 01-03-2008, 01:42 PM
Matt Fellman Matt Fellman is offline
Member
 
Join Date: Mar 2007
Location: Oregon
Posts: 595
Random requests from lenders....
Is anyone else getting a run of off the wall requests from lenders? Usually via an agent or loan broker? I've had some just priceless calls lately.

"Um, yeah, the underwriter just needs you to write up something stating that the roof will last for the next 5 years...."

Or I get sent these wish lists of stuff that some guy in an office somewhere has determined is important.... usually, these are just randomly selected from my report (why the lenders are getting a hold of the entire report is a whole other question).

It's strange because the stuff has nothing to do with pest and dry rot or even perceived safety issues. It's like someone just threw darts and the report and that's what they want fixed.

I figure it's just another sign that the lending industry is in total chaos right now... it's just funny. I've had about a half dozen of these calls over the last month or so. I think a lot of these lenders are so new that they don't even remember back when pest and dry rot reports mattered. It might have been a regional thing but from about 2002 to 2006 I can count on one hand the number of times anyone mentioned needing a p/d report... prior to that the whole thing seemed to hinge on that.
Reply With Quote
Home inspection
  #2 (permalink)  
Old 01-03-2008, 04:15 PM
Rick Hurst's Avatar
Rick Hurst Rick Hurst is offline
Member
 
Join Date: Oct 2003
Location: Rockwall Texas
Posts: 2,033
Re: Random requests from lenders....
I get those questions about the roof from lenders quite often. My comeback answer is Hellifino.

The strangest one came when a lender ask if I could determine if the house was on a landfill or not.

I told them I did not do any excavating of the soil so so I guess it could be a possibility. Told them to contact the city or the county on that one as I do not carry a backhoe in the toolbag.

rick
Reply With Quote
  #3 (permalink)  
Old 01-04-2008, 06:31 AM
Nick Ostrowski Nick Ostrowski is offline
Member
 
Join Date: Mar 2007
Location: Spring City/Surrounding Philadelphia area
Posts: 691
Re: Random requests from lenders....
Matt, the standard request I get is for a roof certification which is essentially what you said. They want somebody to put in writing that the roof is going to last "X" number of years. The requests are even more priceless when you have already inspected the property and notated in your inspection report that the roof has issues and needs repairs. "So you want me to state in writing that the roof will last at least 2 more years AFTER I've already inspected it and said it needs repairs??????"

Sometimes when you quiz the person requesting the info as to what it is they want to know specifically, they can't even tell you because they don't know themselves. Not that I would plan on doing what they are asking but curiosity drives me to find out what it is they want.
Reply With Quote
  #4 (permalink)  
Old 01-04-2008, 07:29 PM
Billy Stephens's Avatar
Billy Stephens Billy Stephens is offline
Member
 
Join Date: Aug 2007
Location: Memphis TN.
Posts: 1,326
Re: Random requests from lenders....
Quote:
Originally Posted by Matt Fellman View Post

"Um, yeah, the underwriter just needs you to write up something stating that the roof will last for the next 5 years..---------
No Problem,

New Roof $8,000.00
...sub fee $2,000.00
Letter .....$1,000.00 backed by Roofing Company

Total = ...$11,000.00

25% deductible on any Claims (Roofing Companies holler a lot on the phone)
__________________
It Might have Choked Artie But it ain't gone'a choke Stymie!
Billy J. Stephens HI Service
Memphis TN.

Last edited by Billy Stephens : 01-04-2008 at 07:31 PM. Reason: spacing
Reply With Quote
  #5 (permalink)  
Old 01-04-2008, 07:50 PM
Donald Merritt Donald Merritt is offline
Member
 
Join Date: Nov 2007
Location: Germantown, Tennessee
Posts: 26
Re: Random requests from lenders....
I had one where I found a blue tarp over the rear roof area and the lender wanted a letter stating the roof had 5 years of service life. E-mailed him the picture of the blue tarp.

Don Merritt
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -7. The time now is 04:05 AM.


Design by Vjacheslav Trushkin.
Powered by vBulletin® Version 3.6.5
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.0.0 RC8
vB.Sponsors
All Rights Reserved. Hann Tech Marketing Link / InspectionNews.com / InspectionNews.net - No part of InspectionNews.net may be reproduced in any way, or by any means, without the prior written permission of InspectionNews.net. Use of any index or listing Software for the purpose of constructing a mailing list, creating promotional materials or producing a printed or electronic catalog of any kind is expressly forbidden without the prior written permission of InspectionNews.net - All text, graphics and design on InspectionNews.net is copyright by Hann Tech Marketing Links.
Ad Management by RedTyger