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mortgage surveys

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paulplatano
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Aren't those disclaimers really professional?


 
Posted : July 19, 2012 5:41 pm
paulplatano
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I bet surveys are still done in Texas without setting corners.

"I set them once but the bulldozer must have got them."


 
Posted : July 19, 2012 5:45 pm
David York
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As others have stated, they have thier ppurpose. I have made a pretty good living and have had many employees put beans on the table sin e 1997.


 
Posted : July 19, 2012 9:30 pm
R. Michael Shepp
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It depends. We do them in our own subdivisions. We have created probably a few thousand lots since 1979 and we have already surveyed them and set the corners. We update the record information to make sure nothing has happened; recover either control or the corners; and locate the improvements.

Even in our own subdivisions we can't do them for the going rate of $300, unless it's one we've already done and simply need to show what's new or different.

We don't do a "mortgage survey" on a property on which we haven't done a complete survey.


 
Posted : July 20, 2012 3:52 am
stephen-johnson
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> I bet surveys are still done in Texas without setting corners.
>
> "I set them once but the bulldozer must have got them."

Not the ones I want to have ANY dealings with.

SJ


 
Posted : July 20, 2012 7:49 am

RPlumb314
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> There are many reasons, some are even reasonable, for an ALTA without pins.
>
> Did the client share the reason, or were they trying to save $$$?

In Minnesota, at one time, the mechanic's-lien law provided that "visible staking" of the property constituted the beginning of construction for lien purposes. If stakes were visible before the loan closing, that meant the contractors, rather than the lenders, got first crack at whatever money was left if the project failed.

Lenders would ask the developers to make sure there was no "visible staking," and would send someone to the site to check. Setting irons before closing was OK, evidently because they weren't "visible" enough, but we were often asked to omit the lath. The law was changed, but some lenders still insisted on doing it that way.

A client who doesn't want irons set now might have no objection to their being set a few days or weeks later.


 
Posted : July 20, 2012 11:37 pm
gregshoultsrpls
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Hey Range Pole,
Back where you come from they have "Survey Inspection Reports", don't know WHY they want a surveyors seal or siganature on it, cause it ain't a survey, don't you remember back in the old days doing "house plats"? Der ya go...


 
Posted : July 21, 2012 11:05 pm
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