If you’re purchasing a property, and your lender has requested you to produce an ALTA survey, you may wonder what an ALTA survey is and why you need it.
ALTA surveys are specific to national standards developed by the American Land Title Association (ALTA), providing more detailed and comprehensive information unique to title insurance matters. Buyers and lenders usually require an ALTA survey when title insurance is required for commercial sales.
Development benefits from an ALTA survey: Not only does it provide the detailed information needed to remove or reduce exceptions on a title insurance policy, but it also reveals issues including lack of access, potential encroachments, gaps, overlaps, and inadequate legal descriptions. The survey team can identify and help your team remedy these problems with enough time and willing parties.
“The most important quality a land surveyor can have is curiosity. Digging into the history of a property takes a curious spirit.” The Lamp Rynearson team dives into the details to provide ALTA Optional Survey items that are important to you, such as zoning classification, vertical relief, gross land area, evidence of utilities, background imagery, and more. We go through a checklist with our clients that establishes an understanding of which survey items add value. However, we’re more than just checking boxes with our clients. Our processes and expertise conserve time and expeditiously eliminate issues that may arise during the due diligence and closing process.
We know that the outcome of our survey directly impacts design. Our engineering and land surveying teams collaborate to create the best project results. If you are buying or developing property, our Lamp Rynearson team has experience creating plats/maps required by title companies to insure your purchase. The intricate process includes:
- An extensive review of public and private records.
- A thorough field investigation.
- A precise analysis of the findings
- Identification of discrepancies regarding the property’s physical and documented boundaries.
- Suggestions and a teaming partner to resolve issues uncovered.
Suppose clarification or rectification of the boundary is required. In that case, Lamp Rynearson surveyors are experts in establishing boundary lines and creating legal descriptions so that you can proceed quickly and confidently with your purchase.