Lenders Don’t Like Your Termite Infestation

Lender stopped the sale of my home
Lender stopped the sale of my home

Termites can be a nightmare for NJ homeowners, especially when infestations aren’t dealt with early. When homeowners wait to have Monmouth County pest control experts eliminate these pests, it can result in considerable damage to their home. In some cases, this can include structural damage that makes homes unsafe.

For those who are trying to sell their home, termites can cause even more headaches. More and more lenders are paying attention to reports of wood-destroying inspections that reveal termite damage. These lenders typically want to know if homes have had any structural damage caused by termites. In some cases, lenders are asking for licensed contractors to verify if damage to homes is cosmetic in nature or structural in order to determine how serious it is. An increasing number of lenders are paying more attention to infestations since termites can cause damage that costs thousands of dollars to fix. Since homeowners insurance usually doesn’t include structural damage from termites, lenders want to know that any damage that has occurred has been repaired. Otherwise, they typically aren’t willing to fund loans for home buyers.

If you notice any signs of termites in your NJ home, contact our Monmouth County pest control professionals as soon as possible. At Allison Pest Control, we’re able to get rid of termite infestations to prevent damage to your home.