An ALTA Survey is an American Land Title Association Survey and is required when Title matters. This type of survey is commonly done for many if not all commercial property sales. In a survey like this it uncovers evidence that can only be identified by a Survey and a site inspection by a Professional Land Surveyor.
In most situations where an ALTA Survey is required Banks, Lenders, Title Company, and or Attorneys want a Title Survey (ALTA Survey) completed. This kind of survey helps re-assure to the lender that the mortgage/investment is protected against property line disputes, encroachments, unauthorized access to the property, code compliance, etc... For some of the same reasons and for liability purposes Attorneys want them too.
If you find yourself in a situation like this your Attorney, your Title Company, or your Bank/Lender may request from you a ALTA Survey.
Please contact us and allow us to help you through the Survey aspect of your new investment.