If it is a VA loan then yes, the lender is required to have a copy of the WDI report as well as the paid receipt. A VA loan requires a clear termite report as a condition of funding. Conventional and FHA loans do not require termite reports.
Full Answer
What is a termite inspection report?
A termite inspection report is given directly to the homeowner but can be shared with the real estate agent and mortgage lender for real estate loans. The termite report is generally 2 to 3 pages long and details evidence of termites and signs of damage from termites. If active termites are found, you may require termite treatment.
Do you need a termite inspection when buying a home?
While only a few states require it—and there is no federal law that mandates a termite inspection when buying a home—you might want to think twice before skipping it. “Termites are commonly known as ‘silent destroyers’ for good reason,” says Dr. Jim Fredericks, chief entomologist for the National Pest Management Association.
What do pest control companies look for in a house inspection?
They will be looking for the presence of termites, wood boring beetles and wood decaying fungus, signs that a previous infestation has been treated, or indications (including conducive conditions) that there is a risk of future infestation.
How many homes are damaged by termites each year?
Termite damage affects 600,000 homes in the United States each year, and homeowners spend an estimated $5 billion to combat and repair termite damage. 1 To preserve the structural integrity of your house, you’ll need to regularly do routine termite inspections and preventative termite treatments.
Is a termite report required in California?
Termite inspections are not required in California during the sale of real property. This is typically seen as a negotiable part of the contract.
Does VA refinance require termite inspection?
If you are using a VA (Veteran Affairs) loan to purchase a property or refinance an existing mortgage, the VA may require that the property have a termite inspection for the mortgage process. Any property purchased with a VA (Veterans Affairs) loan must meet the VA's minimum property requirements.
How long is a termite report good for in California?
These reports are maintained by the pest control company for three years.
Who pays for termite inspection in Alabama?
the sellerAs the seller, you should expect to pay for the termite inspection cost and Section 1 termite treatment.
What states does VA require a termite inspection?
The VA requires a wood-destroying pest inspection for much of the U.S. Learn which states require a termite inspection and who pays....The nine states where VA buyers can currently pay for a pest inspection are:Alabama.Arkansas.Arizona.California.Florida.Louisiana.Mississippi.Oklahoma.More items...
Can you waive inspection with a VA loan?
Department of Veterans Affairs (VA) loans don't require a home inspection. They are optional but often highly recommended by the lender.
Who pays for termite repairs in California?
In most cases, termite prevention is paid for by the buyers, and termite treatment is paid for by the seller in the closing costs. However, if the seller listed the house “as is,” the buyers are responsible for all termite damage and future prevention costs.
What percentage of homes in California have termites?
And of those inspections, 95% show some evidence of termite infestation, either local or widespread, or a condition that could lead to a termite problem. Booming right along with the strong real estate market is California's termite population.
How often do you need termite treatment in California?
roughly every five yearsFrequently Asked Questions For liquid termite treatments, you should re-treat roughly every five years, and for termite bait stations, you should monitor every few months.
Are termite inspections required in Alabama?
Alabama law requires termite companies to provide annual inspections of houses they have under contract. So, homeowners should make an effort to be present when the termite company does its annual inspection.
Are you required to have a termite bond in Alabama?
The Alabama Termite Control Surety Bond is required by the Commissioner of Agriculture & Industries of Alabama. The bond is required to ensure penalty if pesticide applicator does not follow required laws or rules and regulations of the State Department of Agriculture and Industries.
How much is a pest termite inspection?
Homeowners should schedule termite inspection every year in termite-heavy, high-risk areas (like warm or humid locales) and every other year in low-risk areas. According to HomeAdvisor, termite inspection costs can range from $50 to $280, with the national average at $100.
What is the seller responsible for in a VA loan?
Sellers Must Pay Certain Fees The loan program prohibits buyers from paying certain fees at closing. Typically, this will include the loan underwriting fee and the closing fee. Those fees don't go away. Instead, they become the seller's responsibility.
Does VA require a termite inspection in Wisconsin?
If you're thinking of buying a home with a VA loan or working with a veteran who is looking for a home using this form of financing, there's an important update to be aware of in Wisconsin. All VA loans now require a termite inspection as part of the loan process.
Is a termite inspection required in Florida?
Florida is a great place for termites to flourish, so it is important to perform a termite inspection regularly. A termite inspection, or as it called by the State of Florida, Termite and Other Wood Destroying Organism Report (WDO Report), is required and strongly recommended when purchasing a home.
Who pays VA non allowable fees?
the sellerWho pays VA non-allowable fees? In most cases, the seller is required to pay any non-allowable fees in the form of a “seller concession”; the total concession can't equal more than 4% of the loan amount.
Annapolis Termite Inspector Missed Termite Damage
Before finalizing the purchase of their home in Annapolis, MD, our clients hired PestNow to perform a Wood Destroying Insect (“WDI”) inspection. A WDI inspection under Maryland law requires a licensed pest control company such as PestNow to perform a careful visual inspection and thorough examination of all accessible areas of the structure.
When to Sue the Termite Inspection Company
When a termite inspection company misses a termite infestation before the closing, and the new owner inherits termite damage, the homebuyer has a legal claim against the termite inspection company.
Lawyer for New Home Termite Damage Repair Costs
If you have just bought a house and found termite damage, contact Whitney, LLP for a Free Consultation. Our attorneys for missed termite damage by the termite inspector may be able to obtain compensation for you to pay for termite damage repair and other related expenses.
How much does it cost to fix termites?
U.S. residents spend an estimated $5 billion annually to control termites and repair termite damage, according to Orkin. A homeowner who discovers termite damage will spend an average of $3,000 to repair the damage. “Termite treatment varies in cost but can be as much as $20 per linear foot for minor infestation.
What is a termite clearance letter?
When purchasing your home through a mortgage lender, a termite clearance letter—which says that a pest control company inspected the property for termites and has found no evidence of infestation or damage—may be required.
What is a WDI inspection?
He says a WDI inspection includes a careful visual inspection for evidence of any wood-destroying insect, including termites, beetles, carpenter bees, and carpenter ants.
Do you need a termite inspection before selling a house?
You’ve finally found your ideal home and are on your way to being a homeowner. But before the sale is closed, you will need to clear several hurdles, one of which may be a termite inspection. While only a few states require it—and there is no federal law that mandates a termite inspection when buying a home—you might want to think twice before skipping it.
Does homeowner insurance cover termite removal?
Should you have a termite issue in your house, your homeowner insurance will most likely not cover termite damage or removal.
Does insurance cover termites?
He says it’s a good practice to have a professional termite inspection on your house each year to detect an infestation early. 3. Homeowner insurance usually doesn’t cover it. Should you have a termite issue in your house, your homeowner insurance will most likely not cover termite damage or removal. “Most homeowner insurance does not cover termite ...
Can termites be destroyed?
In time, termites can damage the integrity of the structure and , in extreme cases, can require a complete demolition. “Termites are active year-round, as colonies sheltering in the foundation or walls of a home are somewhat shielded from the cold temperatures outside,” says Fredericks.
What is the type of finding of drywood termites?
A type of finding of Drywood Termites can basically fall into two categories; (1) finding a Drywood Termite infestation and (2) finding damage caused by a Drywood Termite infestation.
What does a 3 code mean?
All codes beginning with 3 correspond to findings of fungus/dryrot. All codes starting with 4 correspond to other types of findings. These may be findings that are not termite infestations but issues that can lead to one such as faulty grade levels or signs of excessive water exposure on certain wood members.
What is the first line of a termite inspection?
The first line is the address of the property being inspected. The second line is the contact information of the termite control company who performed the inspection. In this line, you will see the name of the company, address, telephone number, and the company’s License number.
What is the next line on a property inspection report?
The next line is customer contact information. The first box is the information of the person who requested the inspection. The second box is the information of the property owner or contact information of the current occupant. The third box is the contact information to whom the report was sent.
Where do you leave a termite tag?
In California, regulations require termite inspectors to leave a tag somewhere onsite of a property that was inspected. This section tells you where you can find the inspection tag.
What are the codes for front porch?
If you were to look at the front porch area you would see that we have codes 2A, 2E, and two 3C codes.
Is a termite inspection report difficult to read?
I f you have ever seen a termite inspection report you know that they are ugly, difficult to read, and almost impossible to understand unless you have been specifically trained on how to read them.