Survey Deletion
Survey deletion is a crucial process in real estate transactions, protecting buyers against errors and claims. The deletion policy, exceptions for shortages and survey matters, and cost implications are discussed, along with TDI regulations and the purpose of survey deletion in ensuring property boundaries. This comprehensive guide sheds light on the significance and implications of survey deletion in property transactions.
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Presentation Transcript
Survey Deletion June 2023
Any discrepancies, conflicts, or shortage in area or boundary lines, or any encroachment or protusions, or overlapping of improvements.
WHAT IS SURVEY DELETION?
1 Title Policy is Amended
2 Exception for Shortages in Area
3 Exception for any matters shown on the survey
We are barred by TDI from insuring exact acreage
Protects the Buyer against surveyor errors or claims by neighboring owners
Cost for survey deletion on residential transactions is 5% of the basic premium
