Section 1 Termite Clearance

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Bouey Termite and Construction – A termite report and clearance is necessary when the lender requires a clearance before funding a loan. A lender generally requires a "Section 1" clearance. Section 1 items in a termite report indicate that there is damage in the structure caused by dry rot or termites.

VA loan rules for termite inspections are different for condo projects. According to the VA, "A wood destroying insect inspection is required in low-rise and high-rise units only when the fee appraiser observes a potential problem." There are some situations that allow the termite inspection to be waived in second-story or higher condo units.

Wood Destroying Insect Inspection Report – HUD.gov / U.S. – Wood Destroying Insect Inspection Report Notice:. Section V. Additional Comments and Attachments (these are an integral part of the report) Attachments 1. Fixed ceiling 2. Suspended ceiling. is less than 24 inches of clearance from the bottom of the floor joists to the surface below. If.

Got Escrow Questions? Ask Cynthia! Termite Reports – Glen. – While negotiable, as most costs are, buyers and sellers will typically agree that seller pays for the repair of Section 1 items, and that the buyer be responsible (after close of escrow) for section 2 items.. which need to be corrected in order to have the termite company issue a “Clearance”. Section 1 items include the presence of.

Who Pays for Termite Inspections & What Treatment Costs – Termite inspection reports describe items as either "Section 1" or "Section 2". section 1 items typically fall into the closing costs for the seller , meaning sellers pay for these treatments. This includes the cost of remediation, like tenting or spraying to eliminate an active termite infestation.

Ideal Debt To Income Ratio How to calculate your Debt to Asset Ratio (+ check if it's good) – According to Wells Fargo, the ideal debt to income ratio is 35%. So if your debt to income ratio amounted to 16% like in the.

Who Pays for Termite Inspections & What Treatment Costs – Section 1. Termite inspection reports describe items as either "Section 1" or "Section 2". Section 1 items typically fall into the closing costs for the seller, meaning sellers pay for these treatments. This includes the cost of remediation, like tenting or spraying to eliminate an active termite infestation. It also means paying for things.

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Bouey Termite and Construction – A termite report and clearance is necessary when the lender requires a clearance before funding a loan. A lender generally requires a "Section 1" clearance. Section 1 items in a termite report indicate that there is damage in the structure caused by dry rot or termites.