The legal case is in the courts. The mortgage drive-by inspection fee was $7. The delinquent borrower claims to the court that he has been damaged to the tune of $500,000. The inspector’s insurance provides no coverage. It’s a very sad situation. The tort case is in the courts …. so, I will say no more about the details. More much later … when the inspector is ready to tell his story.
Here is a case where there are 500,000 reasons to stay away from mortgage inspections. No Mortgage Order Mill (MOM) or big bank will provide any protection or legal help. You are on your own. The risk is high. Avoid mortgage inspections. You were WARNED!