head Calvada Surveying, Inc: ALTA/ACSM Land Title Survey - Various Applications and Advantages

Thursday, 3 March 2016

ALTA/ACSM Land Title Survey - Various Applications and Advantages

The ALTA survey is typically required to be submitted with other documents during commercial real estate transactions. It is the land title survey that is usually referred to as a section of a title certificate application or insurance. The survey must be performed according to the standards and specifications of the ALTA/ACSM. ALTA stands for 'The American Land Title Association', and ACSM stands for 'The American Congress on Surveying and Mapping'. ALTA surveys aim to promote nationwide uniformity and standards in land survey data.

ALTA/ACSM land title surveys are beneficial to title companies, corporations and lenders, contractors, engineers, architects, and the general public. The ACSM and the National Society of Professional Surveyors created accuracy standards for dealing with issues like closure and distance requirements and minimum angle and positional uncertainty for ALTA/ACSM land title surveys. The survey can provide the most comprehensive and accurate information to the title company before the title is insured to the property.

An ALTA/ACSM land title survey typically bears the full names of concerned parties, such as the buyer, seller, lender, insurance company, and Title Company. This survey may be practical for homeowners, too. Hence, it is important that both title insurance and land surveying companies work closely together to make sure that the ALTA/ACSM survey can be useful when resolving matters that may affect land ownership.

Also known as 'due diligence surveys', ALTA land title surveys clearly depict improvements and easements, ownership areas, rights-of-way, encroachments (if any), encumbrances, the boundaries of the property, and other important aspects pertaining to ownership of land. ALTA/ACSM surveys may be used as a basis for ideas when there is a need to improve the land with trails, fences, rights of ways, and roads. They may provide information that may require more investigation especially when there is a possibility of adverse rights on the property.

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