Lenders are Looking More at the Condition of the Property
December 2, 2011 by themathercompany
Filed under Blog, Buyers, General Real Estate Information, South Carolina Real Estate
It is pretty well known these days that mortgage applicants are liable to undergo scrutiny more thorough than just about anyone in the business can remember. I don’t know about the rest of the country, but in our neck of the woods (Orange County, California) we are also seeing the emergence of a parallel trend. Not only are borrowers getting a more thorough examination, but also the properties themselves are being scrutinized as never before.
I am not talking about the value of the property — those kinds of appraisal issues have been with us for some time now. Today, I am referring to the physical condition of the property. Read more



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