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Mortgage Professor about Home Inspection: 
Is FHA Responsible For the Leaky Roof?
March 19, 2001 "We just purchased a home with an FHA loan and the seller did not disclose many problems?The roof leaks, the toilet is falling through the floor?FHA inspected the house before we moved in, and they will get the house if we default and move out? We thought ... more...

Legal Thievery at the Closing Table
July 8, 2002 "I paid $2240 in lender fees when my loan closed, compared to the $880 I was quoted at the time my rate was locked. It was a total surprise that hit me at the closing table. With my house purchase at stake, there was nothing I could do. This is outrageous?why doesn?t ... more...

Home Inspection related definitions

Assessment
Assessment A local tax levied against a property for a specific purpose, such as a sewer or street lights. Closing Costs Loan To Value Ratio Home Inspection ... more...

Appraisal
Appraisal An estimate of the value of property, made by a qualified professional called an "appraiser". Before a lender will lend you the money for a home, they will first require an appraisal to be done by a qualified licensed appraiser ... more...

More about Home Inspection

Get Free Home Inspection Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

The Best Time to Inspect Your Home!
Home inspections conducted prior to a home being placed on the market is one of the wisest moves a seller can make. The initial response from sellers when approached with the idea of an inspection done as the home is about to be put up for sale is most always the same - "What?!"Let's review a few ... more...

Getting a Home Inspection
If you are in the process of purchasing a new home, it will definitely be in your best interest to have a home inspection done.Not only will you want to have a home inspection done for your own sake, and peace of mind. But most lenders will require that you have a home inspection before they will ... more...

Inspecting Home Inspectors - Examining the Quality and Consistency of Home Inspections
In real estate transactions, some things never change. Sellers usually feel theyve given their house away, buyers believe theyve paid too much and Realtors fear neither side will ever get to the closing table. There is however, one thing that has been inconsistent in real estate transactions: the ... more...

Home Loans Would You Buy a Home Without an Inspection?
The housing market has exploded, with home prices rising beyond all reason in some markets. Home prices have doubled or tripled during the last five years, and in some cities, the asking prices for homes are considered only to be suggested opening bids. Homes often sell in a few days or even ... more...

Should You Get a Home Inspection?
Its very important, and in my opinion, mandatory to have a home inspection done before you close on a house. The inspection helps with giving you an objective evaluation of any problems with the home before you move in.Make sure you have a home inspection contingency in your contract before you ... more...

Realtors: Inspecting Home Inspectors
Examining the quality and consistency of home inspections. Province of Ontario, June 2005 UpdateIn real estate transactions, some things never change. Sellers usually feel theyve given their house away, buyers believe theyve paid too much and Realtors fear neither side will ever get to the closing ... more...

15 Tips To Help You Buy Your Home
Thinking of buying another home or your first home? Here are some tips for maximizing the home buying experience. Detailed coverage of the topics below is provided in his website:1. DON'T WAIT TO BUY Prices are only going to go up. Don't be a victim of it. Better to have the escalator go up with ... more...

Appraisal or Home Inspection?
People sometimes confuse a home inspection and an appraisal when they are in the process of buying a home.Most mortgage applications involve an appraisal, which can be a physical inspection of the property plus a written analysis of similar homes that have recently sold in the area. An appraisal ... more...

Building Permits and Inspections
Probably the most intimidating part of building your own house is the permit process. Not only do the the requirements vary from township to township, but at times the decisions made seem so subjective that we find ourselves seething in frustration. However, permits and inspections are a ... more...

Home Inspection - Going On Top
Everyone who buys or sells a house, apartment or condo is going to use a home inspector at one time or another and even though you pretty much know what they do, many of you might have more appreciation for them once you learn more details of there chosen profession. Home inspectors have been ... more...

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