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strongisland
All you need is love
Member since 8/07 2474 total posts
Name:
T
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did any of you close w/o getting a new survey?
do you have to have a new survey?
our closing is being held up b/c of a survey---can't we just get one after we close? any advice or tips?
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Posted 10/16/08 9:10 PM  |
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anjerandunder
Positive thoughts worked!!!
Member since 6/06 1909 total posts
Name:
J
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Re: did any of you close w/o getting a new survey?
we didn't get one but i kind of wish we did because our survey was from 67 and now that we want to replace the fence we're thinking the neighbor is on our property. we'll have to get a new one now.
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| Posted 10/16/08 9:12 PM |
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dandr10199
Grace is growing up too fast!
Member since 10/05 11561 total posts
Name:
Dina
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Re: did any of you close w/o getting a new survey?
I am a title closer and I broker out production of title through my business.
To answer your question: It depends on the bank. Some banks require an new survey some do not. In the case where they do not require it, you would get a survey inspection from the title company. This cost significantly less money (less than a survey) BUT, you will be going on old info. Now if the sellers had a survey done within the last ten years, the bank should accept the survey inspection from the title company now problem.
call your RE atty and title company to see if this is an option for you. Your RE atty should call the bank atty to make sure this is OK.
HTH and Good Luck!
Message edited 10/16/2008 9:21:12 PM.
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| Posted 10/16/08 9:20 PM |
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thewinterone
You make me happy
Member since 5/05 2474 total posts
Name:
cause you are gray.
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Re: did any of you close w/o getting a new survey?
Message edited 9/17/2011 12:17:56 AM.
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| Posted 10/16/08 9:26 PM |
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Karen
Just chillin'!!
Member since 1/06 9690 total posts
Name:
Karen
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Re: did any of you close w/o getting a new survey?
HSBC required one.
ETA: Our new home had not changed hands since it had been built in the 60's, so maybe that is why they required one?
Message edited 10/16/2008 9:32:00 PM.
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| Posted 10/16/08 9:29 PM |
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dandr10199
Grace is growing up too fast!
Member since 10/05 11561 total posts
Name:
Dina
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Re: did any of you close w/o getting a new survey?
Posted by Karen
HSBC required one.
ETA: Our new home had not changed hands since it had been built in the 60's, so maybe that is why they required one?
Probably. If you have a survey that is 10 or 15 yrs old they usually do not require one, most of the time.
Message edited 10/16/2008 9:36:09 PM.
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| Posted 10/16/08 9:35 PM |
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strongisland
All you need is love
Member since 8/07 2474 total posts
Name:
T
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Re: did any of you close w/o getting a new survey?
thanks for all of your help! our bank doesn't require one....our atty. wanted one to make sure everything was ok....the HO pulled up the very old one (from when they bought it from the original owners-i believe it's the original one).....i guess that is good enough for now since our bank doesn't need one, right?....we just want to do the right thing and don't want to have a problem down the road!
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| Posted 10/16/08 9:46 PM |
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dandr10199
Grace is growing up too fast!
Member since 10/05 11561 total posts
Name:
Dina
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Re: did any of you close w/o getting a new survey?
Posted by strongisland
thanks for all of your help! our bank doesn't require one....our atty. wanted one to make sure everything was ok....the HO pulled up the very old one (from when they bought it from the original owners-i believe it's the original one).....i guess that is good enough for now since our bank doesn't need one, right?....we just want to do the right thing and don't want to have a problem down the road!
Then I would get a new one. Industry rule of thumb... if it is more than 20 yrs old, you should get a new one.
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| Posted 10/16/08 10:56 PM |
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strongisland
All you need is love
Member since 8/07 2474 total posts
Name:
T
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Re: did any of you close w/o getting a new survey?
this is so aggravating!
my atty. is blaming that the mort. took too long and my mort brok. said that is not the reason...i just feel like there is pointing fingers going on! the only thing that was added to the house was a fence...no extensions or permanent structures like a cement patio, etc. i can't take it!!!
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| Posted 10/17/08 9:18 AM |
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Kelly9904
Mommy to 2 amazing little boys
Member since 5/05 9306 total posts
Name:
Kelly
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Re: did any of you close w/o getting a new survey?
Message edited 1/30/2009 3:04:26 PM.
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| Posted 10/17/08 12:11 PM |
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isabelle2137
LIF Adult
Member since 12/06 1076 total posts
Name:
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Re: did any of you close w/o getting a new survey?
We got one and I'm glad we did. Our property was not fenced, and we wanted to install one.
It came in very handy when it came time to deal with my next door neighbors 
ETA: we could have closed without it, but we didn't want to risk it because of the fence
Message edited 10/17/2008 12:42:07 PM.
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| Posted 10/17/08 12:41 PM |
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qtdimps231
LIF Toddler
Member since 11/07 477 total posts
Name:
Diana
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Re: did any of you close w/o getting a new survey?
our survey was from 1994 so we just used that one.
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| Posted 10/17/08 1:41 PM |
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Sherwood
LIF Adult
Member since 8/08 1643 total posts
Name:
s
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Re: did any of you close w/o getting a new survey?
I dont believe we got a new survey....
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| Posted 10/17/08 3:04 PM |
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