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DictionaryThe buying process
A property survey is a drawing of your property that shows where the lot, the house and any other structures are, along with any improvements on the land. In a purchase with a mortgage, it ties into title insurance.
In Spanish it is
Levantamiento del terreno (survey)
Also written as: survey · land survey
For example, Fannie Mae will not buy a loan if the title policy has a survey exception. Where surveys are not commonly required, the lender must provide a special endorsement to the title policy (ALTA 9) instead.
Before closing, Elena's title company reviews the property survey. The drawing shows the house, the garage and the fence inside the lot lines.
You will rarely see this word alone. These are the ones that show up with it on the same papers.
A HUD-approved housing counselor can walk you through it. Agencies usually charge little or nothing, many work in Spanish, and they do not sell you anything.
We sum up what these official sources say, in plain words. We add no rules they do not state; when a rule changes, the definition and its date change.
