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Cash Doctor
851 Posts |
 Posted - 06/11/2008 : 12:20:00 PM
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I'm out here in Tampa Florida. Just received the termite report on a purchase I have closing.
The report indicates droppings found in the attic and under the house. This house is 85 years old and there isnt 1 house in Florida 85 years old that does not have some evidence of damage.
I have a call into Suntrust to find out what is needed.
Any one have past exeperiences with this?
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Cash Doctor
851 Posts |
Posted - 06/11/2008 : 12:45:03 PM
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| anybody. Dont want the termites to eat my commission too. |
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bestbet123
1577 Posts |
Posted - 06/11/2008 : 1:01:31 PM
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| I had a bat problem,i had to get the seller to remove the 6 inch layer of guano out of his attic before i closed....How could you not know you have 6 inches of bat S#$t in your attic?well anyway i wouldn't cash in on this one till you hear from the bank. |
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ladysammm
350 Posts |
Posted - 06/11/2008 : 6:08:06 PM
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didnt the report note what would be required to correct the problem? and how much. Most lenders would require the stated repairs to be made to close.
Pam.kirchner@assurityfinancial.com Wholesale AE |
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RobStorm
474 Posts |
Posted - 06/11/2008 : 6:18:22 PM
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I'm not sure anyone will lend to termites. I mean yea, they are organized and work well together, but after searching Google.com I have not been able to find any jobs available to termites. That would mean that the income on their 1003 must be fraudulent.
Just my opinion. Sorry to throw this offtopic. I really did not have the answer so I thought I would at least give someone a good laugh. I know we could all use one now. |
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dkendall1979
10119 Posts |
Posted - 06/11/2008 : 6:20:52 PM
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| I think it's a little excessive. Poo doesn't exactly effect the structural integrity of a house. |
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hherrm
1407 Posts |
Posted - 06/11/2008 : 6:31:22 PM
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I have never had a termite report that said that there were droppings from termites..lol. Usually it is rotten wood or sawmill like stuff.
You probably need to get it tented or at least treated before closing. Had to get it several times, no big deal.
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velecico
3914 Posts |
Posted - 06/11/2008 : 8:09:12 PM
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You no longer need a termite cert for FHA , why did you even show it ? |
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Mandyvilla
3389 Posts |
Posted - 06/11/2008 : 8:28:34 PM
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If it's in the contract or the appraiser comments on it, you need it.
What kind of droppings? I sounds like a mouse is on the loose. Good grief, before I went 100% telecommute, we had a mouse raiding our desks at the office, helping himself to any crackers or cookies we had. They called in the management's pest control company and I am certain they were charged thousands to put glue boards on the parameter of each office. Never caught the sucker, and the final word was, please do not keep food in your office. Geez. I sure as hell hope you don't have to wait around for a carcas. Tell them the buyers have a cat. Case closed.
(seriously, let us know what Suntrust says, this is going to be interesting). |
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canoe
78 Posts |
Posted - 06/11/2008 : 9:47:25 PM
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| number (1) if you are going to be doing FHA loans expect to get some termite reports especially on 80 year old homes , also the real big Issue with HUD-FHA is health and safety issues, Lead based paint on old homes, water heater strapped, so prepare your borrowers , FHA is not a Sub prime program. Yes FHA does not require manditory termites reports anymore ( actually they never did ) I am an FHA appraiser 20+ years and our guidelines tell us if we see evidence of infestation , dryrot ect to call for a termite report .. no evidence no report needed, but remember if the purchase contract shows a termite report the appraiser is probably going to put in the report, no biggie the owner was getting a report and clearance anyway... so keep doing those FHA but dont expect 80 year old homes to get by with no work requirements unless its a real creampuff.. |
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Hopland
2066 Posts |
Posted - 06/12/2008 : 12:21:41 PM
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Theoretically, you could get an appraisal conditioned on a pest inspection even though there is no visual evidence. The new Appendix D to the 4150.2 states that the infestation protocol calls for inspections when it is customary or required by law...
quote:
Evidence of
Infestation
• Mark this box if there is evidence of infestation, including the house and/or other structures within the legal boundaries of the property, otherwise leave blank.
• Examine the subject property for readily observable evidence of wood boring insects.
• Do not require a pest inspection based solely on the age of a property. Inspections are necessary whenever there is evidence of decay, pest infestation, suspicious damage or when it is customary to the area or required by state law.
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Cash Doctor
851 Posts |
Posted - 06/12/2008 : 12:59:42 PM
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The lender Suntrust had it as a closing condition so we got the report done. The appraisal did not indicate ant evidence of termite damage.
I can't get the termite person to tell me exactly what needs to be repaired. The report said droppings found in attic, window seal and under house.
So you want me to knock it down and put up a new one. Also waiting on a call back from Suntrust on what exactly they are looking for.
frustrating |
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racerx
11434 Posts |
Posted - 06/12/2008 : 1:06:04 PM
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quote:
Originally posted by Cash Doctor
The lender Suntrust had it as a closing condition so we got the report done. The appraisal did not indicate ant evidence of termite damage.
I can't get the termite person to tell me exactly what needs to be repaired. The report said droppings found in attic, window seal and under house.
So you want me to knock it down and put up a new one. Also waiting on a call back from Suntrust on what exactly they are looking for.
frustrating
I don't know about Florida reports, but in California items needing attention are called out in two sections. Section 1 items need to be repaired to get a clearance. Section 2 items do not (these are just recommendations). Do you have something like that on your report? |
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Cash Doctor
851 Posts |
Posted - 06/12/2008 : 1:25:53 PM
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The one and only section is titled "Report of findings"
1) Visible evidence of drywwod damage (Box is checked Yes)
Locations: Drywood Termite Droppings & Damage in Attic,Window Seal and under house.
2) Live wood destroying organisms observed (Box is checked no)
3) Visible Damage Observed Yes (See #1)
This house was fumigated July 1 2007 and is under warranty. Would be helpful if the lender or Pest control would call me back so I can get this moving forward.
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ladysammm
350 Posts |
Posted - 06/12/2008 : 1:31:41 PM
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| all earth to wood damage will have to be corrected and if under warranty the original company should provide work it repaired under that warranty. Damage that occured after they repaired would not be covered. |
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Hopland
2066 Posts |
Posted - 06/12/2008 : 1:35:43 PM
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| Those would probably go to section 2 of a CA pest report because no active infestation was found...There should have been some recomendations in the report. Are you sure you have the entire report? Most report I have seen will recommend a repair or course of action and estimate the cost. |
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Cash Doctor
851 Posts |
Posted - 06/12/2008 : 1:58:44 PM
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| Just spoke to Pestex (Termite Company) and yep its a 1 page report. Nothing indicates what repairs should be done. |
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mortgagegirl1010
199 Posts |
Posted - 06/12/2008 : 7:44:11 PM
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FHA No Longer Requires Minor Repairs; No Longer Requires Wood Destroying Insects, Well & Septic Reports, Flat Roofs or Unobservable
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gdavenpo
356 Posts |
Posted - 06/13/2008 : 06:21:45 AM
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quote:
Yes FHA does not require mandatory termites reports anymore ( actually they never did )
Yes they did. It was a regional requirement based on the TIP and local law.
quote:
A: Requiring Reports and Treatment: Wood destroying insects and other organisms can cause serious problems in the wood structural components of a house and may go undetected for a long period of time. FHA requires inspection only if there is evidence of active infestation, if mandated by the state or local jurisdiction, if customary to the area, or at the lender's discretion. Please see: Mortgagee Letter 2005-48 for more information.
http://www.hud.gov/offices/hsg/sfh/ref/sfhp1-23.cfm
http://www.hud.gov/offices/hsg/sfh/ref/sfh1-23a.cfm
Let’s take Arkansan. We are a TIP state, and the Denver HOC's website still say's we are required to call for a Termite inspection. Go figure, a HUD website with outdated info. 
After several calls to the 1-800-callfha number, I got to talk to someone in the Denver HOC, and they said the following is allowed, and recommended.
quote:
Arkansas is a termite state. While no visible sign of infestation was noted, It is recommended that an inspection and letter of clearance be obtained. The letter of clearance is typically provided by the borrower or their pest control agency.
This take the responsibility off the appraiser, and lets the underwriter do their job. It does not create a FHA condition, but it's up to the lender to make the call.
I have seen what a termite problem can do to a home, and under no circumstance will I not have this line in a FHA report.
I wish I could post a few pic's for those who have never seen a termite infestation at work.
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