What is a survey or Plot Plan?
The lender may require a survey of the property, showing the property boundaries, the location of the improvements (buildings), any easements for utilities or street right-of-way and any encroachments on the boundaries by fences or buildings. Encroachments can be minor, such as a fence, or may be serious and have to be corrected before the closing. In some areas, an addendum to the title policy eliminates the need for a survey.
