If you're a homeowner or buyer in the United States, particularly in areas prone to termite infestations, you've likely come across the terms "VA Termite Inspection Form 99A" and "VA Termite Inspection Form 99B." These forms are crucial in the home buying and selling process, especially when it comes to securing a mortgage. In this article, we'll delve into the details of these forms, their purposes, and what they mean for homeowners and buyers.
What are VA Termite Inspection Forms 99A and 99B?
VA Termite Inspection Forms 99A and 99B are standardized forms used by the United States Department of Veterans Affairs (VA) to report on the presence or absence of termites and other wood-destroying insects in a home. These forms are typically required for VA loan transactions, but they can also be used in other mortgage transactions, such as FHA and conventional loans.
Difference between Form 99A and Form 99B
Form 99A is used for inspections that take place in areas where termites are common, such as in the southern and western United States. This form requires a more detailed inspection, including a visual examination of the property's exterior, interior, and crawl space.
Form 99B, on the other hand, is used for inspections in areas where termites are less common. This form is less detailed and only requires a visual examination of the property's exterior.
Purpose of VA Termite Inspection Forms
The primary purpose of VA Termite Inspection Forms is to identify potential termite infestations and other wood-destroying insects that could damage the property. By requiring these inspections, the VA aims to protect the interests of both the buyer and the lender.
The forms provide a standardized way for inspectors to report on their findings, which helps to ensure that all parties involved in the transaction are aware of any potential issues.
What do the forms cover?
Both Form 99A and Form 99B cover the following:
- Visual examination of the property's exterior, including the foundation, walls, and roof
- Inspection of the property's crawl space, attic, and other areas where termites may be present
- Identification of any termite damage, including mud tubes, discarded wings, and frass (insect waste)
- Recommendations for treatment or repairs, if necessary
Who is responsible for ordering the inspection?
Typically, the buyer or the lender orders the termite inspection. However, in some cases, the seller may choose to provide a termite inspection report as part of the home selling process.
It's essential to note that the VA does not require the seller to provide a termite inspection report. However, if the seller does provide a report, it must be on one of the approved forms (99A or 99B).
What happens if termites are found?
If termites are found during the inspection, the buyer, seller, and lender will need to negotiate who will be responsible for the treatment and any necessary repairs.
In most cases, the seller is responsible for treating the termite infestation and making any necessary repairs. However, this can vary depending on the terms of the sale and the local laws and regulations.
FAQs
Are VA Termite Inspection Forms required for all VA loans?
+No, VA Termite Inspection Forms are not required for all VA loans. However, they are required for loans in areas where termites are common.
Who is responsible for paying for the termite inspection?
+The buyer, seller, or lender can pay for the termite inspection, depending on the terms of the sale and local laws and regulations.
Can I use a non-VA approved form for the termite inspection?
+No, the VA requires the use of approved forms (99A or 99B) for termite inspections.
In conclusion, VA Termite Inspection Forms 99A and 99B play a crucial role in the home buying and selling process, particularly for VA loan transactions. By understanding the purpose and requirements of these forms, homeowners and buyers can ensure a smoother transaction and avoid potential pitfalls.
We invite you to share your thoughts and experiences with VA Termite Inspection Forms in the comments section below. Have you encountered any issues or concerns during the termite inspection process? Share your story and help others navigate this important aspect of home buying and selling.