Updated over 13 years ago on . Most recent reply
Commercial property inspections by bank
I have had a mortgage on a warehouse building for 5 plus years. The bank who holds the loan left a message that they want to do a property inspection. I have not heard from them concerning the property at all except to request yearly financials. Are banks requesting property inspections normal? I am worried that they are going to try to screw with my loan as I have heard that the commercial division of this bankis in trouble and laying off employees. Should I be paranoid?