Tile Insurance, which is now commonly used, covers purchasers for losses which result from not obtaining a survey or not having an up to date survey. This means that in most cases a purchaser does not need a survey to close the transaction. Title Insurance can be obtained instead. The Title Insurance policy will usually cost about $270.00, which the vendor can be asked, or offer, to pay if a survey is unavailable (we include this in our closing cost package). So, a vendor should not agree to provide a survey unless he/she is sure he/she has one and, if so, should not agree to provide a more legible/current/complete/signed survey than is available. The purchaser can usually close with Title Insurance protection.
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