What Is a Mortgage Plot Plan?

What Is a Mortgage Plot Plan?
A Mortgage Plot Plan is a drawing that shows the as-built location of the building(s) on the property. Mortgage Plot Plans are normally part of the Title Work that is done by Lenders or Title companies to verify that the buildings comply with the communities Zoning Regulations.

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Then, what does a plot plan include?

A plot plan is an architecture, engineering, and/or landscape architecture plan drawing—diagram which shows the buildings, utility runs, and equipment layout, the position of roads, and other constructions of an existing or proposed project site at a defined scale. Plot plans are also known more commonly as site plans.

Furthermore, what is the difference between a survey and a plot plan? Sometimes the terms survey and plot plan are used interchangeably; however, a plot plan is a simpler and less accurate version of a survey. Plot plans are intended to confirm that the building(s) related to a particular piece of property actually lay within that property's plot of land.

Likewise, people ask, what is a mortgage inspection plan?

A Mortgage Inspection Plan certifies to the Lender that there are no encroachments. The way this information is gathered is through general research, a visual inspection of the property and the use of measuring tapes. To the untrained eye, a Mortgage Inspection Plan may seem to define the property's boundaries.

How do I find the plot plan for my property?

Any local title firm can obtain a formal copy of the plot plan, and some real estate offices pay fees to access the formal maps from the title companies or government agencies. Contact a real estate agent or request a preliminary or formal title report for a copy of the plot plan.

Related Question Answers

What is plot and plan?

The conventional plot-and-plan sale meant that a buyer would purchase a plot, have plans drawn up and a building quote, and submit to the bank for finance. Once finance is approved the buyer takes transfer of the plot, and enters into a building contract with a builder.

What is a residential plot plan?

A plot plan is used to plan new single-family and two-family residential construction and residential alterations, such as decks or sheds. Once the plan is approved, it may be used by the builder when laying out the property. The plot plan must be drawn to scale so that features are shown in relation to one.
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Chloe Bennett

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