What Does 'If Required' Mean?

The GCAAR Regional Sales Contract makes only one reference to the survey and is found in paragraph 19 as follows: "The title report and survey, if required, will be ordered promptly. ..."

Note the key phrase "IF REQUIRED." What does that mean?

IF REQUIRED means if required by the purchaser's lender. Nearly all mortgage lender underwriting will require the title insurer to issue a lender's title insurance commitment without exception to survey matters. In other words, a lender will not accept a title insurance policy without coverage for survey matters.

Related Articles

Leave a comment

You are commenting as guest.
ptid=comtext/-small=onten ptid=comtext/"-smallh=onten"84e5f5e0a93d1d5b5a40701e33ac6987e=""/> pt/ow r>

iv => .ul uk-vi'}-uk-grid-match dadiv class="tm-mauh-medium1- class=uk-marnel uk-visibluk-vi-bov>HomeHome

L5px},uinlign: uk-vi-uk-grid-mcrdault:inlin

L5px}efass="tm-mauh-atch 1-2> lody & t=utgle=mmentle >

    ass="tm-logu-r data-um-r data--t tm-pa=https:shat-ddcm-3
    1-2sibluusum1- put r=uk-article-small">

    L5px}efass="tm-mauh-atch 1-2> lody &hrt aate sales twos guapro tssancvolvle=loa-sstepsers,gatestepsurveyinsurasteps/div>ass="tm-logu-r data-um-r data--t tm-pa=https:ssmrsump>< a crnage | 1-2sibluusum1- put r=uk-artnel href=m1- dth-e-small">

    L5px}efass="tm-mauh-atch 1-2> lody Ice pe uttrrs,gateow/diship juionata-cutt'arage pe tle builroun, butermitlntentheap/shdiv>ass="tm-logu-r data-um-r data--t tm-pa=https:sinsur-nce commi a crnage | 1-2sibluusum1- put r=uk-article-small">