answersLogoWhite

0

Cost of a loss draft inspection?

Updated: 9/16/2023
User Avatar

Wiki User

9y ago

Best Answer

The loss draft inspection will on most occasions be paid for by the mortgage company. On the rare occasion that the homeowner has to pay for the inspection the cost will be minimal and most likely will be taken out of the funds that are in the restricted escrow. For more detailed descriptions to the loss draft process please visit ourbrokenhouse.com

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Cost of a loss draft inspection?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the average charge for a loss draft inspection?

$20-$40 dollars, depending on the company


What is a loss draft inspection?

A loss draft inspection is an inspection conducted by your mortgage company to verify that the homeowner is repairing the property according to the Adjusters Worksheet that was provided to the homeowner along with the claim check by the homeowners insurance company as a results of damages to the home. The inspection is usually done in stages, commonly 30%, 30%, 30, 10% as an example. The mortgage company will then release more funds to the borrower as the repairs progress. For more detailed descriptions to the loss draft process please visit ourbrokenhouse.com


How do you become a loss draft inspector?

how to get loss draft inspector licence


Why is a loss draft inspection done?

Reduces Moral Hazard (Makes sure the repairs get done and the homeowner doesn't take the money to pay off their car note).


What is property loss draft service?

A property loss draft is a check issued for covered property lost. The draft or check comes from the homeowner's insurance company. This service should be listed on your policy.


How much does a draft horse cost?

Draft horses can be very expensive. The best draft horses in the world are sought after and can cost thousands of dollars.


How much does a Home Termite Inspection cost?

A pest inspection's cost will vary depending on the area of the country and the type of inspection. A single inspection for termites might cost 120 dollars or more.


Who do you get percentage of loss to ratio?

% loss = ((selling price - cost)/cost x 100 Ratio of loss to cost? (selling price - cost)/cost


Maryland state inspection cost?

$60 to $75


How much is expired inspection sticker in Texas?

The ticket for an expired inspection sticker is $152, the cost to get it renewed is $14.50.


What is normal loss in cost accounting?

· Normal loss is unavoidable losses arising due to the nature of the material or the process * The reasons for such loss in output can be due to the following: * Evaporation; * Breakage; * Scrap due to high quality needed; * Rejection on inspection; * Defective Units; * Loss inherent in large scale manufacturing; * Chemical change * Residue Material * Examples of normal losses are metal turnings, off-cuts, metal borings, edges, shreddage and ends. * The quantity of normal loss anticipated is determined from past experience and from the material specification. * The cost of normal loss is absorbed by the completed output. * The value of scrap of normal loss units is deducted from the direct material cost. Normal loss never receives a share of the process cost.


The cost of overhead minus the selling price?

The cost of overhead minus the selling price is loss.