Hopefully your business borrower is sophisticated and has a powerful understanding of surveys and why they’re essential, but if the borrower is not, the business lender must be educated of surveys to protect the financial institution. An ALTA Land Title Survey is generally similar to a boundary or lot survey on a chunk of property.…

An ALTA boundary survey can also be required upon the acquisition of a vacant land if the buyer has the intention of growing it further. While an ALTA survey is a kind of boundary survey, there may be one major difference, and it’s the size of detail during which ALTA surveys go to define a…

With the 2016 changes enacted for the new ALTA survey, some gadgets, such because the evidence of utilities, have been moved to the base report, however there are still multiple optional items that can be included in the supplementary Table A. An ALTA/NSPS Land Title Survey provides a base report that has copious element regarding…

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