What is an ALTA and Why Do I Need One?
The American Land Title Association (ALTA) is a trade association representing the title insurance industry. A land survey is important for developers, land owners, home builders, and developers. Land surveys reveal vital information about a piece of real property, such as its boundaries, physical features, encumbrances, easements, and mortgages. Sometimes topography is needed and can be added to the survey. In terms of land surveys, the ALTA land survey is the gold standard. Having an ALTA will help mitigate the risk of finding an issue with the property after closing.