Lender conditions

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  • #71063
    mumy1987
    Participant

    I have a lender conditions

    Provide documentation showing the itemization of repair list that is applies to the $4,000 seller credit towards repairs on Addendum 1.

    Does anyone know what specific document they are asking ??

    Also another condition

    Provide supporting documentation confirming completion of Termite Treatment. (Wood-Destroying Organisms Inspection Report in file shows visible evidence)

    Since we are paying for termite treatment we need to close first and then do that

    Any one know what to do

    #71244
    LCVal85
    Participant

    Hello mumy1987,

    I believe they want a Quote/Estimate by contractor stating where is the $4,000 is being used in. Most likely, they would like for you to Itemize same.
    Ex: Repairs being done (bathroom floors) $3000
    Cost of labor $1000
    Total: $4000

    Now regarding the Termite Treatment, I am not sure because I thought that had to be done before closing.

    Hope this helps.

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