Jan was a wonderful agent. We are 2 1/2 hours away from Vincennes and had to sell my mother's house. She took care of us, with caring and compassionate work. Some repairs had to be made for the buyer and she found the laborers to accomplish this in record time. I can't thank her enough for being our 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.