An ALTA Survey is essential for property owners in San Diego to secure a mortgage and title insurance. These requirements are jointly set by the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS). Previously known as the ALTA/ACSM, these guidelines underwent a name change in 2021. This survey is mainly utilized during real estate transactions.

Reasons to get an ALTA/NSPS Survey

Title Insurance

Title insurance companies often require an ALTA/NSPS survey before issuing insurance policies to mitigate their risk and ensure the accuracy of coverage. This type of survey serves as an important tool in the underwriting process by providing detailed information about the property.

Lender Requirements

In many cases, lenders insist on an ALTA/NSPS survey as a condition for providing financing. By obtaining this survey, lenders gain a comprehensive understanding of the property and its potential risks, enabling them to assess the property’s value and make informed lending decisions.

Real Estate Transactions

ALTA/NSPS surveys are commonly conducted for real estate transactions, especially those involving commercial properties or high-value transactions. This survey is considered essential for due diligence, providing buyers and lenders with valuable information necessary for making informed decisions regarding the property.

Boundary Disputes and Resolutions

Property owners often face uncertainties or misunderstandings regarding their property lines, leading to boundary disputes. Engaging in an ALTA/NSPS survey can provide an objective and accurate depiction of the property line, allowing for a resolution of such disputes.

Development and Construction

ALTA/NSPS surveys are crucial during the development and construction phase of a project. These surveys identify existing improvements, utilities, easements, and other relevant features that need to be taken into consideration during the design and planning stages. This information is vital for conducting thorough site analysis and feasibility studies.

For those seeking title insurance, obtaining financing, engaging in real estate transactions, resolving boundary disputes, or undertaking development and construction projects, an ALTA/NSPS survey in San Diego is an essential tool for mitigating risks, making informed decisions, and ensuring the accuracy of property-related matters.

What is an ALTA/NSPS Survey?

An ALTA/NSPS survey is a crucial tool for property buyers, sellers, lenders, and title companies, aimed at ensuring a seamless and secure real estate transaction.

This specialized land survey goes beyond just showing boundary lines and includes detailed information on improvements, easements, and other relevant aspects. Unlike a standard boundary survey that only highlights the boundary points between different pieces of land, an ALTA/NSPS survey provides a more comprehensive view.

ALTA/NSPS stands for “American Land Title Association/National Society of Professional Surveyors,” organizations that establish the requirements for this survey. Previously known as an ATLA/ACMS survey, the ALTA/NSPS survey requires a land surveyor to meticulously collect various data points about the property.

During an ALTA/NSPS survey, important details such as property lines, neighboring properties, buildings, structures, fences, roads, utility lines, and any easements or rights-of-way are documented.

Lenders and title companies typically request an ALTA/NSPS survey as part of a real estate transaction.

San Diego Land Surveyors can perform your ALTA/NSPS Survey. We anticipate your contact to discuss your survey needs!