How else do a mortgage loan inspection and boundary survey differ?
The processes involved and resultant costs are drastically different. A Mortgage Loan Inspection includes a review of the current deed description, approximate field measurements during which monuments found are assumed to be correct, and the drafting of a rough sketch. In the past, a Mortgage Loan Inspection generally has cost about $150 to $300. It is paid for by the borrower(s). A Boundary Survey is much more involved. It normally includes extensive research of your property and all abutters (often back one hundred years or more), precise field work, the evaluation of conflicting boundary evidence, extensive mathematical computations, and monumentation of all corners. Products of a complete Boundary Survey include the preparation of a detailed plan suitable for recording in the county Registry of Deeds, and the drafting of a revised deed description and survey report. The cost of a professionally done Boundary Survey is seldom less than $1000 and is frequently much more depending on
