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ALTA Survey In Utah

ALTA Survey In Utah

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ALTA Survey In Utah

Ludlow Engineering is the leading ALTA Land Surveying Firm In the State of Utah.  Give Us a call today for more information.  Call (435) 623-0897

What is an ALTA survey?

ALTA stands for American Land Title Association. The ALTA is a group that represents the land title and title insurance industry. In addition to ALTA, the American Congress on Surveying and Mapping (ACSM) also accepts and conforms to ALTA survey conventions. An ALTA survey is a survey done in such a way that it conforms to ALTA standards. The good thing about this is that most surveyors know and understand this format – so once you get used to reading an ALTA survey you will be able to do it over and over again on subsequent transactions.

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 survey is acceptable to lenders

One of the most important things about an ALTA survey is that it is approved by a host of different groups for use in transactions. That means that your financial partner will accept the information from an ALTA survey as accurate and can use it to help them determine the financing you will receive. This convention will save you money so that you do not have to conduct a special survey for each of the parties involved.

What is an ALTA survey?

ALTA stands for American Land Title Association. The ALTA is a group that represents the land title and title insurance industry. In addition to ALTA, the American Congress on Surveying and Mapping (ACSM) also accepts and conforms to ALTA survey conventions. An ALTA survey is a survey done in such a way that it conforms to ALTA standards. The good thing about this is that most surveyors know and understand this format – so once you get used to reading an ALTA survey you will be able to do it over and over again on subsequent transactions.

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 survey is acceptable to lenders

One of the most important things about an ALTA survey is that it is approved by a host of different groups for use in transactions. That means that your financial partner will accept the information from an ALTA survey as accurate and can use it to help them determine the financing you will receive. This convention will save you money so that you do not have to conduct a special survey for each of the parties involved.

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Are You in Utah – Get ALTA Survey Here

Utah state welcome sign, along Interstate 84, ...
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Are You in Utah – Get ALTA Survey Here

Ludlow Engineering and Land Surveying is registered in Utah, Idaho and Arizona.  We have spent a great deal of time in all three states and consider the opportunity to survey there a great one.

There have been many people ask the question about what a ALTA Survey really is.  I have found an article that gives us more detail and answers our question.  Please Enjoy!!

The American Land Title Association (ALTA) is a professional trade union that has helped establish conformity and quality among boundary land surveys in the USA.

What is an ALTA Survey?

They are special boundary surveys that are specifically used for land title insurance purposes. All ALTA surveys must meet the minimum requirements as set out jointly by ALTA (American Land Title Association) and the American Congress on Surveying and Mapping (ACSM).

ALTA surveys are very complex land surveys – much more detailed than standard land surveys – and can take weeks to complete.

What are they used for?

They are generally created for title companies, lenders and title insurance companies. The ALTA survey provides detailed information for the lender, buyer and title insurer about the present and future situation of the land in question.

They can cost thousands of dollars, and because of this they are usually only conducted on commercial properties that can’t afford not to have the legal benefits of an ALTA survey.

If a buyer of property or land wants to apply for extended coverage owner’s title policy then they must provide the insurer with an ALTA survey so that standard exceptions can be deleted from their policy. This includes easements and claims of easements not shown on public records and encroachments, overlaps, boundary line disputes and other things that would not be disclosed by a standard survey and inspection.

What does it show?

ALTA surveys are the most detailed type of survey you can obtain and so they show a lot of different information on the one map.

Surveys that conform to ALTA standards show information that a standard land survey may not. This includes: fences, trails, roads, utility lines as well as detailed legal descriptions that might mention a suggestion for further investigation into a particular matter.

While a standard boundary survey may show the precise boundary lines between different parcels of land, it doesn’t necessarily indicate any improvements that have been made to the land. Additionally, standard land surveys do not need to confirm to any minimum detail requirements unlike ALTA surveys. This intense detail is essential for valuable commercial buildings.

ALTA standards are applied to all  surveys so that each one shows the same level of detail and information.

ALTA surveys must include the names of the affected parties, such as the buyer, lender, title company etc. Plus, the surveyor must work closely with the land title insurance company when creating the map to ensure that all the necessary details are covered.

How to get it?

ALTA surveys can be very expensive and time consuming – but very worthwhile. To get one done you will need to contact a land surveyor that is a member of the American Land Title Association (ALTA), as these are the only ones who are licensed to conduct an ALTA survey.

There are several items of information you need to have before getting a survey. Firstly, the land surveyor will require the names of the parties to whom the survey will be certified; next, a copy of the current title commitment (and supporting documentation); and finally, a range of documents as agreed between you and the land surveyor regarding the terms of the real estate contract.

There are hundreds of land surveyors that can conduct surveys across the USA, so it is easy to get hold of one. You can find them either on the internet, in your local directory or by asking for a recommendation from friends or colleagues.

To learn more about ALTA surveys and various other land and property surveys, be sure to visit the all new Land Surveyors website.

Article Source: http://EzineArticles.com/?expert=Angela_Goldstein-Meyer

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