What is the Purpose of a Mortgage Location Survey?
- Intended to confirm that what is described in the property’s deed is what is actually transferring in real life
- Usually requested – and sometimes required – by your mortgage lender or title insurance company when you buy a home
- Verifies that the property is as described in legal documents and is suitable as collateral for your mortgage loan
- Identifies the major buildings on your property such as the house, garage, and sheds
- Determines whether your property improvements encroach on any neighboring properties or easements
- Determines whether any neighboring improvements encroach on your property
- Without a valid Mortgage Location Survey, your title insurance may not cover any problems that would have been revealed by a survey
- A new MLS is generally required to remove exceptions with your title insurer
- Is an investment in peace of mind, both now and down the road, that your property is protected
Do You Need a Mortgage Location Survey?
Request an online quote for a Mortgage Location Survey from the McSteen Land Surveyors team.
