We have a property under contract and the seller has agreed to finance. However they now want us to close before we the full ALTA survey.
What is the risk here because we will still have title coverage just not the extended coverage?
Would you do the deal without the ALTA survey?
So long as you have at least a boundary survey and can confirm that the business property and tenant homes are inside those property lines I would probably proceed… What extended coverage is the title company offering with an ALTA survey?
Anyone know if banks always require ALTA survey when getting financing for a mobile home park? Does anyone have experience with banks that only require a boundary survey?