What is an ALTA form 9?
ALTA 9 endorsement provides coverage over what are called Covenants, Conditions and Restrictions (“CCRs”). CCRs can be found in the Plat of Subdivision or in the first deed from the time the subdivision was created. Sometimes, CCRs are found in a recorded Declaration of Covenants, Conditions and Restrictions.
What is an Alta 5?
ALTA Endorsement 5.1-06 insures against any charges or assessments in favor of any homeowners association that are provided for in any document referred to in Schedule B, due and unpaid at Date of Policy.
What is an Alta 8.1 06?
Issued by. STEWART TITLE GUARANTY COMPANY. The insurance afforded by this endorsement is only effective if the Land is used or is to be used primarily for residential purposes. The Company insures against loss or damage sustained by the Insured by reason of lack of priority of the lien of the Insured Mortgage over.
Is Florida form 9 required?
Lender’s also require a Florida Form 9 Endorsement. So, what is a Florida Form 9 Endorsement? A Form 9 Endorsement insures against violations of restrictions, encumbrances over easements, building lines or property lines, and damage by reason of mineral development. This endorsement also removes all survey exceptions.
What is an Alta State?
In California, there are two types of title insurance policies. The CLTA (California Land Title Association) policy insures the property owner and the ALTA (American Land Title Association) is an extended coverage policy that insures the lender against possible unrecorded risks excluded in the CLTA policy.
What are the different versions of the Alta 9 endorsement?
There are multiple versions of the ALTA 9 endorsement to choose from. The two most common are the ALTA 9-06 and the ALTA 9.3. For a full explanation, see Restrictions, Encroachments, Minerals – Loan Endorsement (ALTA 9-06), and its instructions, and the Covenants, Conditions and Restrictions – Loan Endorsement (ALTA 9.3), and its instructions.
What is the Alta endorsement 13-06?
The ALTA Endorsement 13-06, Leasehold – Owner’s Policy, and ALTA Endorsement 13.1-06, Leasehold – Loan Policy, are applicable when all or a portion of the insured land is leased to the insured tenant. Endorsement 13-06 applies to owner policies and Endorsement 13.1-06 applies to loan policies.
What are the underwriting requirements for Alta 3-06?
The underwriting requirements generally include those required for ALTA 3-06, as well as evidence of issuance of an occupancy permit in the case of recent construction.
What is an Alta endorsement 25-06 survey?
Many locations require that the survey be drawn to ALTA standards and be certified to the title company. The ALTA Endorsement 25-06 is commonly called the Same as Survey.