What is an ALTA 28 endorsement?
What is an ALTA 28 endorsement?
Explanation: This endorsement provides insurance to an owner or lender against loss in the event that a specific easement holder shall (1) cause damage to a building located on the land at date of policy, or (2) compel the removal or alteration of an existing building located on the land at date of policy.
What is an Alta 9 06 endorsement for on title?
The ALTA Endorsement 9.9-06, Private Right – Owner’s Policy, is available only for owner policies and provides coverage against loss or damage sustained due to the enforcement of any Private Rights in a Covenant, such as options, rights of first refusal or prior approval, that causes a loss of the Insured Title.
What is a Comp title endorsement?
The Comprehensive Endorsement, also known as ALTA 9 coverage, contains different insuring provisions. 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.
What does Alta 9 06 cover?
Explanation: This endorsement to the Loan policy insures against violations of restrictions, encroachments over easements, building lines or property lines, and damage by reason of mineral development. Endorsement 9-06 is issued with a 2006 ALTA Loan Policy.
What is an ALTA 27 endorsement?
This endorsement insures against loss by reason of the invalidity or unenforceability of the lien of the insured mortgage resulting from violation of the usury laws of a specific state in effect at date of policy.
What is a location endorsement?
Location Endorsements This endorsement insures that a particular type of improvement is located at a particular address and connects that street address to the insured property.
What is an ALTA 7 06 endorsement?
The minimum premium for this endorsement is $25.00. This endorsement may be used for either an Owner’s Policy or Loan Policy. The endorsement is necessary in those cases in which the Policy includes not only the land but a manufactured housing unit (mobile home).
What is Alta form 28-06?
ALTA Form 28-06 (Easement – Damage or Enforced Removal) Revised 02/03/10 Copyright 2006-2010 American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited.
What is an encroachment endorsement?
This endorsement is usually requested by a lender when an encroachment over an easement is discovered. (1) Examination of the survey to ensure that existing buildings are not impacted by the easement.
What is an endorsement on an easement?
This endorsement provides insurance to an owner or lender against loss in the event that a specific easement holder shall (1) cause damage to a building located on the land at date of policy, or (2) compel the removal or alteration of an existing building located on the land at date of policy.
What are the improvements in this endorsement?
The Improvements in this endorsement are limited to only those listed in Section 2 of the endorsement and may include Improvements located on the Land or located on adjoining land at the Date of Policy.
