What does ALTA stand for in real estate? ALTA is simply the acronym for American Land Title Association, which is basically the national associate for title insurance companies, escrow companies, abstract companies, and settlement services – depending on where you are located in the United States.
American Land Title Association (ALTA) is a trade group founded in 1907, that represents over 6,000 title insurance companies and escrow agents. It holds its members to a code of ethics in order to maintain a high trust in the real estate industry. Types of ALTA Statements. There are four (4) versions of ALTA Settlement Statements:
What is the ALTA Settlement Statement? The ALTA Settlement Statement is a form that itemizes all of the credits and costs associated with a real estate transaction. There are four different versions of this form, including: Combined Settlement Statement that shows both buyer and seller costs
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what is alta in real estate
