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Question :
Is a survey required for a property settlement in Maryland?
Category Title Insurance Interview Questions
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Added on 3/13/2008
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Answers:

If a lender is involved in the transaction, removing any survey exceptions from the title insurance policy would be a requirement of a lender. A title company would require a survey in order to remove any survey exceptions. So, in order for the title company to comply with the lenders instructions, a survey would be required.

If it is a cash deal, then a title policy could be written leaving in the exception to coverage for any matters found on an accurate survey. In this case, the survey would be an option rather than a requirement.

It is a good idea to get a survey, even on a cash deal and avoid survey-related issues after the closing.



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