Mortgage lenders have supplanted the home inspector as the deal breakers or bad guys in the real-estate deal. I guess I should say I'm sorry to the lenders but I am not. I am kind-of glad there is a boogie man other than my profession. I know there are still concerns that a Home Inspector may bunch the deal, but with the current state of the mortgage lending industry, lenders have become the primary concern to Real Estate professionals.
I have heard numerous stories about financing troubles that range from encyclopedic numbers of forms to rejection after the borrower had already been qualified and the ever increasing scrutiny of the home itself. Getting a mortgage is much more difficult now than it was a few years ago.
I think that a Home inspector that does a thorough job and brings the facts to the table are invaluable in the transaction. In the cases of the increased home scrutiny the Inspector may be relied on to advise the transaction participants of problems the underwriters through their appraisers may find. Timely and thorough inspections can give the necessary advanced warning to correct issues before they derail the deal.
Everyone Likes to ride the white horse, even insectors:)