HUD 108 loan Survey requirements
Posted: Fri Mar 14, 2014 10:36 am
I've been asked to prepare "surveyors maps" for a 'HUD 108 loan.'
Does anyone kow what is required to show on such a map. I looked up the requirements for HUD loans and saw that they wanted ALTA standard but was told not for a "108" loan. I can't seem to find out what I need to show - I'm thinking it's a basic drawing showing the record boundaries outlining the area so someone can look at it and see basically what they're dealing with. I don't think they are interested in bearings, distances, monuments etc, but I could be completley wrong. Anyone have experience with this?
Does anyone kow what is required to show on such a map. I looked up the requirements for HUD loans and saw that they wanted ALTA standard but was told not for a "108" loan. I can't seem to find out what I need to show - I'm thinking it's a basic drawing showing the record boundaries outlining the area so someone can look at it and see basically what they're dealing with. I don't think they are interested in bearings, distances, monuments etc, but I could be completley wrong. Anyone have experience with this?