Gloria is wonderful to work with! I have used her services several times & referred her to others. I will continue to do so. She's great! I wish all realtors took their jobs/deadlines/written documents and counters as serious as she does. Our buyer's realtor was not a timely individual - very frustrating at times waiting on the buyer's realtor.
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.