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HOMECHECK 
Reference Center
 
JANUARY 2007

HOMEOWNER'S TIPS:

IMPORTANT HOME INSPECTION TIPS!
In general, homeowners should order a home inspection soon after the purchase offer has been accepted. Real estate contracts typically allow a limited number of days to complete a home inspection and to request repairs, if applicable. Discover more tips in this months' article. 

FEATURED ARTICLES:

ONIONS - PEELING BACK THE LAYERS OF DECEPTIVE TERMITE INSPECTIONS.
Some states allow Home Inspectors to identify and report on wood destroying organisms if the inspector is properly certified/licensed. Other states, such as California, do not allow Home Inspectors to do so unless that inspector is also licensed as a Structural Pest Inspector, of which there are very few. But, if the inspector is properly licensed, then the reporting will be done on a report form mandated by the Structural Pest Control Board located in Sacramento, and the reporting process falls under a whole slew of regulations administered by the Structural Pest Control Board. This practice is unfortunate as that process breeds, in California anyway, a huge conflict of interest situation that revolves around the home sale/purchase activity. Now you're ready to peel off the first layer of the onion. 

CUSTOMER DEPOSITS - ILLEGITIMATE REVENUE STREAM FOR BANKS?
For quite some time now certain banks and other financial institutions may have been profiting from what some members of Congress are calling an illegitimate revenue stream, namely the deposits of its customers. Today many banks will place “holds” on customer deposits, allowing them to benefit from the interest on the customers funds. This has caused some outrage by the depositors and the concern of key members of Congress.



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