If you miss a mortgage payment, your servicer will schedule monthly property inspections to protect their interests. This inspection is different from the one completed when you purchased the home because they are looking for damage done by both parties that could lead into foreclosure if not fixed or taken care of promptly. This is the main difference between the two. Let’s have a deep insight into what are both:

Home Inspection:

When you buy a new house, or you are ready to sell your own house it’s common to hire an inspector so they can check the plumbing and power of your home deeply and make you aware of the faults and repairs required. This Long island home inspection covers:

• heating system 
• air conditioning system 
• water heater 
• interior plumbing
• electrical systems 
• walls/ceilings/floors
• attic & roof
• windows
• foundation and basement

A home inspector can also offer additional services such as testing for mold, radon, and water quality. They are able to perform energy audits after they have finished inspecting the property too. The client will receive a written report of findings soon afterwards – this is what helps them make their decision about whether or not they want to purchase it without any regrets later on down the line. It’s important that you hire an experienced professional who knows how to do these inspections correctly if you plan on buying often in your lifetime because even homes under warranty need routine inspection every several years!

Property Inspection:

Property inspections are generally performed as part of foreclosure proceedings. Since mortgage and deed contracts give lenders the right to protect their interest in property if you default, they can hire someone to conduct a property inspection when needed – like if payments are overdue or terms violated.

What’s the purpose of property Inspection?

To keep tabs on the property, inspections are performed to determine whether or not it has suffered damage. Vandals and thieves can cause problems as well as winterization issues so regular checks should be done by lenders during foreclosure processes.

Manner And Costs Of Property Inspection:

A property inspection is a procedure that determines the quality of an object. These inspections are usually performed on real estate to ensure safety for buyers and can cost around $10 or more depending on how thorough they need to be. Property inspectors will often perform drive-by examinations in which all visible features of the property are reviewed, but this type of assessment doesn’t provide much detail about what’s hidden behind closed doors, so it won’t give you enough information if something goes wrong with your purchase later down the road

A Long island home inspection is different from general property inspections because it provides detailed analysis regarding structural integrity as well as any potential problems within electric wiring and plumbing systems. Because these types of investigations take place over several hours rather than minutes.

Though some courts have found that repeated Long island home inspection are not necessary when the loan servicer is in contact with the homeowner, knows if they’re home and doesn’t see any problem.

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