What Is a Mortgage Inspection?

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What Is a Mortgage Inspection? by Mind Map: What Is a Mortgage Inspection?

1. A mortgage inspection is an examination of a property to look for damage and other information, like whether a building is occupied or vacant

2. Banks often hire Safeguard field inspectors to assess a property before giving a loan to homeowners to ensure that the collateral (the house or apartment) is a good investment.

3. The responsibilities of the local inspector include visiting the property, taking digital photos, and writing a report to submit to the bank or financial institution.