For those of you who read our commentary regularly, you’ll see that we span the commentariat world from musings of perhaps little practical utility but great import (at least to us) to the more mundane. Today, mundane. Let’s talk title policies and survey standards. There’s good news here and often good news doesn’t travel fast enough, so here we go.
Title policies “insure over” information that a survey would discern. It’s precious little good to have a title policy yet find out there’s a missile silo just behind the setback line owned by the US Government. So title companies require a survey and will generally insure over any nasty surprises the survey would have uncovered.
Continue Reading Seeing is Believing: ALTA’s New Survey Standards