We give Gloria a rating of Outstanding! She was thorough, efficient & sensitive to our needs. She communicated every detail as we completed each stage of the process. We were extremely confident to leave our home in her hands as we moved to Texas before our house sold. She is a definite asset to Klein Realty.
Why does the mortgagee sometimes require a Survey of the property?
Most mortgage lenders require a current and valid Real Property Report (survey) and proof of zoning by-law compliance from the local municipality, i.e. city, town, Municipal district, etc. The mortgagee (lender) does this to insure initially that the buildings are entirely within the property boundaries and there is no risk that the security for the mortgage will be damaged by the forced removal of the improvements. Most Lenders will now accept a Real Property Report and evidence of municipal compliance or a policy of Title Insurance.