Thank you so much for your help in selling mom house! You and your agents were professional but compassionate and understanding of the situation I was involved in. Being so far removed from Vincennes, it was imperative I trust the agency handling the process, and I felt confident trusting Klein's. You made an excellent first impression and certainly didn't disappoint. Thanks again for everything.
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: October 1, 2020, 8:15 am
IDX information provided by the Indiana Regional MLS