Why is an ALTA Survey needed?
Many parties to a real estate transaction rely on the ALTA/NSPS Land Title Survey for the following: As part of due diligence when property is being transferred or refinanced. To locate both record and non‐record matters that a ff ect the property which can be critical for evaluating whether or not to proceed with the acquisition. Showing interested parties the potential risks and benefits from property ownership recognizing issues such as: boundary line conflicts, encroachments, easements, contiguity between parcels, access to highways, zoning issues, and other potential losses and claims against the land that may arise after purchase. To satisfy the Title Insurer’s requirements for the issuance of ALTA Title Insurance coverage for survey risk...
