Escrow & Title
In Michigan, a 'survey' performed as part of a real estate transaction is used to:
ADetermine the property's market value
BConfirm the exact boundaries, dimensions, and encroachments on the property✓ Correct
CAssess environmental contamination
DDetermine the property's assessed value
Explanation
A land survey locates and marks the exact boundaries of a parcel, identifies the dimensions, reveals any encroachments (structures crossing boundary lines), and may show easements. Lenders and title companies often require surveys.
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