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How ALTA/NSPS Land Title Surveys play a crucial role in Real Estate Due Diligence

An ALTA/NSPS Land Title Survey is a critical component of the due diligence process for real estate property transactions or refinances. These comprehensive surveys play a vital role in assessing loan risk, ensuring that the property description aligns with the actual land, verifying setback requirements as per local ordinances, and identifying ownership, encroachment, or easement issues. Survey results are certified by adhering to the standards established by the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS).

Facts about ALTA Surveys:

  • ALTA/NSPS Land Title Surveys are generally required for commercial or multi-family residential properties.
  • These surveys are essential for evaluating real property transactions or refinances.
  • They confirm that the property’s legal description matches the actual property boundaries.
  • Surveys identify setbacks as dictated by local ordinances and zoning requirements.
  • They help pinpoint potential issues such as ownership disputes, encroachments, or easements.
  • The American Land Title Association and National Society of Professional Surveyors have established standards for these surveys that are updated continually. (For more information:  https://nsps.us.com/page/2021ALTA)
  • Optional Table A items can be included upon request, such as:
    • Flood zone classification.
    • Topographic (vertical relief) survey.
    • Underground utility mapping.
    • Zoning and building code information.
  • Including specific Table A items, like topographic surveys or utility mapping, can be beneficial if the purchaser plans to develop the property.

Batterman is there for you.

We understand the importance of these surveys for all parties involved. We take the time to explain our findings and communicate potential issues early on to mitigate delays and facilitate a seamless process. Recognizing that due diligence periods and closing dates can be time-sensitive, we adapt our timelines to accommodate these needs. Additionally, we respect and protect the confidentiality requirements of each project, ensuring that sensitive information remains secure throughout the survey process.

Batterman looks forward to continuing to partner with purchasers, lenders, and title companies to provide timely, reliable, and thorough ALTA/NSPS Land Title Surveys. Contact our Survey team to learn more and get started.