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Why does "traditional financing" or otherwise make any difference to code requirements or inspections?
by BLKNSLVR 2y ago
Why does "traditional financing" or otherwise make any difference to code requirements or inspections?
- bluGill 2y agoBecause banks don't want your house to burn down and insurance to refuse to pay out - if that happens almost everyone will declare bankruptcy and the bank is then out the money they loaned on the house. Thus banks will do some checking before letting you get a loan. When you buy a house the fine print (several pages of it which you are supposed to read before you sign) will say things like this because the bank demands it.