We filed for foreclosure and also offered a deed in lieu and would waive a deficiency.

Hellen  Keller may have not noticed however I certainly could with just a cursory review of the property. they don’t actually know the extent of the roof however note possible deficiencies.  

However, houses are frequently, almost routinely, removed from the sale process when the borrower makes a catch up payment or two or when the bank perceives some risk to a sale meaning that the property may leave a deficiency.

So you will almost certainly be liable for any defects or deficiencies in the end product regardless of subcontracts and sub-contractors. 

The contingency reserve may be released only if required, necessary, and unforeseen repairs or deficiencies are discovered during the renovation.

We will occasionally adjust down the cleaning payment to offset the cost of our inspector if they find deficiencies in quality and need to spend time improving things before the next guest.

I had to mail mine in MULTIPLE times because each time they received it, they found YET another thing to reject it for (not signed properly, points not categorized under each broker, business entity not organized properly, etc. etc. ) - imagine how backwards this is when they could just go through the entire application and tell you in one shot all the deficiencies you need to rectify and to mail it back again. 

If the policy limit you have selected does not meet the specified percentage, your claim payment will be reduced in proportion to the deficiency.

Allow foreclosure and possible bankruptcy to get out of deficiency judgement3.

These PGs mean NOTHING without a high net worth and are only meant to be used in cases of deficiency - meaning the collateralized subject property doesn't have enough equity to make the creditor whole.