An ALTA or ALTA/ASCM survey, without a doubt, is one of the most valuable tools in a commercial real estate transaction.
This type of survey is mostly used for commercial real estate transactions that may occur with or without lender financing. The American Land Title Association has set specific standards for that a surveyor must abide by in these types of transactions, and they also provide a list of optional requirements in addition to the latest minimum standards.
The reason this type of survey is so popular, is that it allows a purchaser or lender to identify all of the site limitations and encumbrances before completing the real estate transaction. Completing an ALTA survey provides you with an understanding as to whether your proposed project feasible, or if you may have potential title issues associated with the property you are purchasing.
An ALTA survey provides you with the information necessary to make informed decisions regarding your project. Contact David Laird Associates for an ALTA survey in the Erie and Meadville, PA area.