DESCRIPTIONS
- MORTGAGEE TITLE INSPECTION
- The sole purpose of this inspection is to obtain mortgagee title insurance. This is the minimum service that your lender requires for closing your loan. It is a location of improvements and cursory check for violations or encroachments onto or from the subject property based on existing but not confirmed evidence. This does not constitute a boundary survey and is subject to any inaccuracies that a subsequent boundary survey may disclose, no property corners will be set and it should not be used or relied upon for the establishment of any fence, structure or other improvement. No warranty of any kind is extended therein to the present or future owner or occupant.
- BOUNDARY SURVEY & IMPROVEMENT LOCATION
- A boundary survey of the subject property will be made and the property corners will be located and verified or reset. The improvements on the property will be located and a check for violations or encroachments onto or from the subject property will be made. This survey can be used by the property owner for the construction of a fence, structure or other improvement.
- ALTA (American Land Title Association)SURVEY
- This is the most comprehensive type of survey and improvement location. It covers all the aspects of the boundary survey and improvement location and identification or any additional evidence of possession or use which could be adverse to the interests of the purchaser. This type of survey is normally only performed on commercial property because of the expense involved.
By submitting this form;
I (We), the undersigned borrower(s), have read and understand the above explanation of the inspection I (We) have ordered.