ALTA Survey for Protecting the Investor’s Interest in Real Estate

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ALTA Survey - for Protecting the Investors
Interest in Real Estate
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• Alta survey has been specifically designed to
  conduct an extensive survey for the lender of
  mortgage or Title Company for the issuance of
  mortgage or title insurance. ALTA Survey
  basically is conducted by American Title
  Association along with the Congress for Survey
  and Mapping.

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American Title Association

• Alta or the American Title Association which was
  formed in the year 1907 is a form of national
  trade association that represents the interests
  of the abstract and title insurance agencies in
  America. The members of this association protect
  the interest of the mortgage lenders and the home
  buyers who make investments in the real estate
  through searching, reviewing and insuring the
  land title. In America most of the title
  insurance companies have the ALTA membership
  along with title agents and abstractors. ALTA in
  co operation with American Congress of Survey and
  Mapping have created a set of rules and standards
  for land survey in order to bring uniformity in
  the entire survey process and information.

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ALTA Survey

• An ALTA Survey basically is responsible for
  showing the improvements, easements and every
  other factor that impact the land ownership. The
  survey can also be arranged for commercial
  properties, since the title company is provided
  the information that is required for insuring
  title to land and also high degree improvements
  that may be required by any commercial
  development. For an ALTA survey to be completed a
  present title commitment is necessary which would
  be referred to by the surveyor in connection with
  the properties legal description as well as that
  of any exception. A graphical representation will
  be given to the quarter of improvements,
  ownership and exceptions.

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• If in case of any sort of encroachment is
  discovered in the survey then it is also shown
  graphically and along with it a note on the
  character of the encroachment can also be
  included. In the certification of the survey the
  names of the groups affected are included. It is
  very necessary for the surveyor to work closely
  with Title insurance company as both are
  dependent on each other to bring out the matters
  that affect the land ownership and also
  improvement in an all inclusive way.

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• Zoning document It is important for the survey
  to take in account the zoning document for proper
  survey. It is essential to see be well aware of
  the zoning regulations and zoning maps of a
  county or a municipality. It includes all the
  necessary information in the form of drafts. For
  the purpose of clear survey and to understand
  fully in case of any dispute regarding the land
  ownership it is imperative to refer to the zoning
  documents.
• Zoning Certificate A zoning certificate is the
  record of the use of the initial land or
  establishment, construction of any structure
  which has been allowed as per right. The zoning
  certificates are required for the approving
  building permits or licenses of businesses.
  Zoning certificates are another necessary
  requirement for a better and in detailed survey.