Before you commit to buy a home, you engage your own valuation agent; before the lender approves your loan, they do their independent valuation, to assess the collateral value.

These are two professional appraisal, supposed to be thorough. If something uncovered, they no sale deal. If something shows up long after you buy it, then it’s your own responsibility. You just have to repair it at your own cost.

I told Kenneth (bofa) that a condo unit is less complicated. He agreed.