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Winter storm will chill D-FW home sales
Lenders will require damage inspections before moving ahead with mortgages.
North Texas home purchases are likely to be delayed if lenders require a damage assessement.(Paul Sakuma / AP)
Homebuyers who’ve been scrambling to acquire properties in North Texas are facing another obstacle the winter storm.
Because of the potential for damage, lenders are likely to delay purchase closings to allow additional property inspections.
Such requirements are common in any region that’s declared a national disaster area.
Thousands of Dallas-Fort Worth residents have suffered property damage this week due to the record cold, power outages and freezing water pipes.