ALTA LENDERS POLICY
The ALTA Lenders Policy is for institutional lenders only (such as banks and savings and loans). It insures lender priority and the fact that it is marketable. It covers both recorded matters as well as unrecorded matters such as:
Encroachments
Unrecorded easements
Access
Loss of priority
Unrecorded liens and encumbrances.
The coverage on this policy is quite broad. A survey or inspection is often required before a policy is issued This policy can be issued on all types of real property.
Unrecorded easements
Access
Loss of priority
Unrecorded liens and encumbrances.
The coverage on this policy is quite broad. A survey or inspection is often required before a policy is issued This policy can be issued on all types of real property.
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