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Improvement Location Certificates
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The majority of land transactions in the state of Colorado close with a document known as an Improvement Location Certificates (aka ILC or Mortgage Survey, Mortgage Loan Inspection). An ILC is of fundamental importance, to disclose existing facts about a parcel of ground. An ILC is an inspection of a property conducted by a Colorado Professional Land Surveyor, to locate improvements in relation to boundary/deed lines. This is usually done to meet some requirements of either a title insurance company, lender, investor, property buyer or as stipulated in a contract to buy and sell real estate.
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Its' sole purpose and intention IS NOT to determine the exact legal limits of the property, but to serve as an inspection of the property to disclose any adverse matters from a land surveying perspective, such as encroachments onto or off of the property. The ILC is relatively inexpensive and provides all interested parties invaluable information about the property.
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