They are doing more home defect reporting, and lenders are depending upon them. Seems wrong. I can only assume that they are not as experienced as home inspectors, are not licensed, insured, or educated to do such reporting.
“5. **Condition problems. **With all the distressed properties on the market, and with most nondistressed sellers barely breaking even, more home-sale transactions than ever are falling apart due to condition problems with the property. Many lenders will not extend financing on homes where the appraiser points out problems like cracked or broken windows, missing kitchen appliances, electrical problems, or wood rot.”