Business and Personal Finance Dictionary

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• TERMITE INSPECTION
  
  A visable check of a property for the presence of termites. Usually performed by a licensed exterminator. Buyers often make a termite inspection a condition of a sales contract, and require a pest control report or a clearance letter showing the property to be clear of any live, visable infestation. The VA, FHA and Fannie Mae all require a termite inspection as a condition of a loan.
  
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