Jim Medley
To all:
Was wondering if anyone has ran across any situations where the lender has made it mandatory for the radon ( after a radon test has been done ) to be at a certain level?
I am working with a realtor on a job where she stated that the loan originator ( from the Chicago area ) has noted that they will not guarantee the loan or give a interest rate lock until a radon system is installed in the house in question and provide a test where the radon level is at 2.0 pCi/L or lower.
The realtor is speculating that this lender ( and more lenders to come in the near future ) is going to make this more of a reality on loans in general due to the existing market conditions. Any thoughts?
Jim Medley
Radon Systems 4U LLC
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