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ALTA Surveys Nationwide
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What does an ALTA survey contain?
Like any survey, an ALTA survey shows the physical characteristics of the property you are purchasing. The first thing an ALTA survey will give you is a description of the metes and bounds of the property. In other words, the survey will give you the actual description (longitude and latitude) of the property boundaries. Most buyers perform their own survey for due diligence to ensure that the property they are purchasing is the size they thought it was.
An ALTA survey also shows improvements on the property, rights of way on the property, as well as any easements granted by previous property owners. For land that you are considering developing, this is incredibly important. If you have an easement granted to the power company that goes straight through the middle of the property, it may be difficult, or impossible, to develop.
ALTA Survey and Title Insurance
An ALTA Survey and Title Insurance go hand in hand. You need to have a current title commitment before you can complete and ALTA survey. This initial title commitment will provide the initial description of the property.
The title company, however, will need the ALTA survey to be completed to finalize the transaction. When a land title company provides title insurance to you, they are guaranteeing you that there are not any unknown encumbrances on your property. To make that guarantee effectively the title insurance company
will use a survey to help delineate where the existing encumbrances, improvements, and easements are located
ALTA Surveys Nationwide Related articles
- Alta Surveys and Ludlow Engineering (ludlowengineers.com)
ALTA Surveys Nationwide
