For more information about the recovery fund, please consult the department's website at. Investigated by the department prior to the payment of a claim. A written application for reimbursement from the recovery fund must be filed with and To make payments of certain actual out-of-pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A toll-free consumer hotline is available at 87. Complaint formsĪnd instructions may be obtained from the department’s website at. Consumers wishing to file a complaintĪgainst a mortgage banker or licensed residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2061 North Lamar, Ste 101, Austin, TX 78705. The Wood Group of Fairway Independent Mortgage Corporation is licensed under the laws of the State of Texas and is subject to regulatory oversight by the Department of Savings and Mortgage Lending. Texas Consumer Complaint and Recovery Fund Notice (View or Print) It can also be for safety reasons, such as keeping enough distance between buildings so that a fire cannot easily jump from one to another.Ī surveyor will measure the structures on your property and show where they are in relation to any known easements, setbacks, and other restrictions. This can be for aesthetic reasons, such as maintaining a consistent look among the lots in a subdivision. Setbacks: Local governments and homeowners’ associations often restrict building structures within a certain distance of a property line.Easements: An easement is the right to use someone else’s property for a specific purpose, such as a right-of-way that allows someone to cross a neighbor’s land to get to a road, or a public utility easement that allows utility companies to access pipes or cables.The deed might place restrictions on the use of the land, particularly if it is part of a homeowners’ association.Ī property survey can help identify several possible restrictions on land use, such as:

If you live in a city with zoning laws, for example, you cannot build an apartment building on land zoned for a single-family residence. If you own a piece of real property, many different laws and other restrictions limit what you can do with it. What are property easements and setbacks? Surveyors deal with these details so you don’t have to. But lot and block surveys still require plat maps with detailed descriptions of the boundaries of the property. Lot and block surveys are a bit simpler than metes and bounds. For example, a metes and bounds description might begin with “Starting at a fence post located at the northwest corner of Jones and Johnson Streets, then due north 200 feet, turning left 45 degrees and continuing another 200 feet…” This begins with a fixed point, such as a fence post, followed by distances and directions until it returns to the starting point. Metes and bounds: Without a plat map, the description must literally trace the property line.

, Page of the Plat Records of Travis County, Texas.” This kind of description will look something like “Lot, Block, in the Shady Oaks subdivision, according to the plat filed in Vol. This map is known as a “plat.” When a developer creates a subdivision, they must file a plat map with the local county clerk.

Lot and block: If the property is part of a subdivision where a large piece of land has been divided into smaller lots, the property description will consist of a lot and block number on a map of the subdivision.

Metes and bounds vs lot and block