What Lenders Look for in an ALTA Survey
A commercial loan file usually includes an ALTA survey. Before funds move, the lender’s team checks that survey against the title work and the loan terms. Below is what that review tends to focus on, and why each piece matters to the people signing off on the loan. A Survey That Matches the Current Title […]
What Happens When an ALTA Survey Finds a Problem
A surveyor kneels at the back corner of a commercial lot with a metal detector. He finds an iron pipe eight inches from where the fence sits. That eight inches can stall a multimillion-dollar closing for weeks. This happens more often than most buyers expect. An ALTA survey doesn’t just draw lines. It digs into […]
Why You SHOULD Have a Land Survey Completed Before Purchasing Land?
Buying land, whether commercial or residential, is always an expensive endeavor, even if prices have eased somewhat lately. This is why finding a piece of land that you like and making an offer for it without conducting a land survey on the area is possibly the biggest mistake that you can make. Here’s why it’s […]