Gloria could not have been more helpful or trustworthy during my search for a new home. She promptly arranged showings at my convenience and responded just as quickly with answers to questions stemming from the visits. After writing the offer, Gloria immediately called the other realtor so it could be delivered that night. During the red tape process, she kept me informed every step of the way. Gloria demonstrates a sincere interest in her clients as well as a dedication to fulfilling their wishes. Gloria is extremely proficient as a realtor and I would highly recommend her.
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.