Seems to be a thing. Out-of-state title and bank people looking for surveys.?ÿ
This one wanted a certificate for a new house build for the loan.?ÿ
Seems in Colorado where she is from these bank surveys go for $150.
lolololololol.
People lie.
In Colorado ILCs, (bank, title company, realtor, mortgage surveys) range from 500 to a few thousand, depends on the scope.?ÿ 150 is some drooling moron's idea of how cheap they should be, another reason to circle the wagons and add a circle of muskox for additional protection and plan a good rebuttal to this offensive onslaught...
In Colorado ILCs, (bank, title company, realtor, mortgage surveys) range from 500 to a few thousand, depends on the scope.?ÿ 150 is some drooling moron's idea of how cheap they should be, another reason to circle the wagons and add a circle of muskox for additional protection and plan a good rebuttal to this offensive onslaught...
I'm not even going to sign my name on a document for $150.
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There was a time when ILC's in the Kansas City area were under $100 if they were in a platted subdivision of recent vintage.?ÿ They might knock out 20 little-more-than-a-driveby jobs per day.?ÿ If they did one previously, all they really did was slap a new date on it after the driveby indicated no changes.?ÿ Kept employees busy during slow times.?ÿ Otherwise, they would not have been accepted as new jobs.
We did them in the late 1970's very early 1980's to keep crews busy. I don't know what the crew charges were then but it was a fixed charge of about $150. The local title companies finally figured out it was better to write out survey coverage and the banks were OK with it I guess, that business dried up and left. It seems to be creeping back with out-of-state lenders wanting a cost from 40 some years ago.?ÿ
We did them in the late 1970's very early 1980's ... a fixed charge of about $150.
That would be equal to $500-$600 a pop today. All the places I worked for in Canada did them routinely for $250-$300 c. 1993, which would be about the same. All sites were (the Canadian equivalent of) a subdivision lot, the majority were within a few miles of the office.?ÿ We spent between 1 and 2 hours on each site, during which we recovered and tied at least 3 (good) monuments, shot 2 walls of the building and taped up the rest.?ÿ ?ÿ ?ÿ?ÿ
We did them in the late 1970's very early 1980's ... a fixed charge of about $150.
That would be equal to $500-$600 a pop today. All the places I worked for in Canada did them routinely for $250-$300 c. 1993, which would be about the same. All sites were (the Canadian equivalent of) a subdivision lot, the majority were within a few miles of the office.?ÿ We spent between 1 and 2 hours on each site, during which we recovered and tied at least 3 (good) monuments, shot 2 walls of the building and taped up the rest.?ÿ ?ÿ ?ÿ?ÿ
Yeah, my quote for this one is about what you're showing. This is a house we laid out in a subdivision we've monumented. Still setting up an account, going to the field to locate the house (it's a complicated layout) to see if the builder put it about where we staked it (big lots, lots of room to tweak the layout), draft a document, bill the client and do the accounting, phone calls to hear how expensive it is. Almost as much time with the non-surveying stuff as the surveying.?ÿ
It's not a sustainable business model.?ÿ
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I'll make "surveys" for banks at their suggested rate when I can set the rate of interest on my loans and savings accounts.
It's not a sustainable business model.?ÿ
Not if you do one today, one next week, another next month, But if you are doing them at the rate of 5 a day, every day, 52 weeks a year you get a production going. 2 guys in the field, one in the office, not your highest paid guys, not using your newest equipment, and $3000 a day revenue.?ÿ ?ÿ
DISCLAIMER:
"This is not a survey; it is provided for loan purposes only and should not be used for determining the true property boundary or construction of any kind".
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Sounds good to me...
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Of course, if someone ignores all valid warnings and suffers injury, then they may only have themselves to blame.
DISCLAIMER:
"This is not a survey; it is provided for loan purposes only and should not be used for determining the true property boundary or construction of any kind".
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Sounds good to me...
Technically the liability is fairly low. What there is is shared. Nothing gets built in reliance on these certificates. Or at least when it does, it's not the surveyor responsibility.
I'm not attempting to defend $100 drive-bys. But for $500-$600 I think there is a service that a PLS could offer that would be a service to homebuyers and mortgage companies. Not an exhaustive investigation, but enough to catch obvious red flags.
When I was in Tulsa 8 years ago $500-$600 was the going rate to have property corners set in a residential subdivision.?ÿ ?ÿ?ÿ
I??d rather get a few female dogs. Sell ?ÿpuppies for $250 and make kid??s happy. It??d be more fulfilling.
It??d be more fulfilling.
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For sure,
But at four puppies a day, that's an average of three litters a week.
You'll need maybe 150 litters per annum
Even at two litters each b*tch per year, that's pretty big dog-sled team 🙂
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KS wording
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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
What a worthless sounding document. ???? Do lenders want these things stamped?
@bstrand?ÿ
Lenders must believe these inspections are worth the effort and are saving them from enough cases of "house on wrong lot" or "building over the line". Of course their tradeoff is simple when somebody else is paying
we had a team or two that were doing five to ten a day each team, 5 days a week.?ÿ It was a substantial revenue stream, and we all had good gear, good trucks, good benefits and good work that never seemed to ever slow down....
