Quote:
Originally Posted by retiredguy123
I wasn't talking about "new" construction. I was just saying that, if you sell your house to a "cash" buyer, the buyer may not require you to provide a termite letter. But, lenders almost always require a termite letter because they don't know if the house has termite damage present.
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The first link is for existing homes. Termite coverage IS NOT required. Click on the link to see for yourself.
The SECOND link is for NEW construction, then it IS required.
Because loans are almost always resold lenders meet the HUD and Fannie Mae requirements, it is the industry standard.