Also called: Mortgage Inspection, Mortgage Report, Mortgage Survey
When financing a commercial real estate transaction, lenders and title insurance companies need to verify exactly what physical assets sit on the land they are securing.
A Mortgage Survey is a specialized survey that defines land boundaries and documents any physical improvements on the property, such as buildings, structures, and parking areas. Typically required during the financing of commercial, industrial, and multi-unit properties, this survey provides critical assurance to all parties involved in the transaction.
What a Mortgage Survey Ensures:
- Boundary Compliance: It verifies that all physical structures are located firmly within the property's legal boundaries.
- Encroachment Identification: It identifies any potential encroachments onto neighboring properties, or from neighboring properties onto your land.
Please Note: Michigan Surveying currently only provides Mortgage Certificate services for commercial, industrial, and multi-unit residential clients. We do not offer this service for single-family residential properties.