When I called John I was in a state of panic. I need to sell my house ASAP due to use moving just 47 days later states away. John was able to get us 2 offers within the first 24hrs the house hit the market. We had no clue what we were doing and he was able to answer all of my crazy questions
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.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS
Listing Data updated: November 22, 2024, 12:00 am
IDX information provided by the Indiana Regional MLS
