Quote:
Originally Posted by SharonGR
We're refinancing our home. The termite inspector came out and found no termites. However, during his inspection he found 3 very SMALL areas of "dry rot" on our patio overhang (40' long & 10' wide) and made note of it on the "Termite Report". It's now hanging up the closing of our loan. The dry rot is no where near the actual structure of the house and the actual structure of the overhang is not compromised. We were fully aware of these 3 little areas on the roof and planned to replace the entire roofing this fall (it's currently plywood, felt & rolled roofing material) with either corrugated metal or plastic. In the meantime, our loan is being held up until the dry rot is remediated. The VA asked for a "Termite Inspection". We've complied. Now they're making us face yet another obstacle that has absolutely no impact on the house. Where do we go from here? We don't have the money to replace the entire overhang yet.
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Work with your Lender. Will they accept a Roofer's Certification that the DR is in small spots? Can you get someone out there to "spot-fix" it at a low cost? Is spot-fixing a Thing?
This may be more a thing about a Lender's Underwriter's fear than it is an actual VA issue.
Who is the Lender?
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