In traditional sales and for certain types of financing, the seller provides the buyer a termite inspection, survey, etc. With bank-owned properties, they don't provide any of the traditional items like surveys, etc. Doesn't mean anything, but you should inspect generally first and see if there are any reasons to inspect for other things like lead based paint, radon, termite, mold, etc. Those are specialty inspections. Your lender may require a termite inspection either way.