🏸 What Is Alta In Real Estate
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
The ALTA settlement statement is an itemized list of all of the fees or charges that the buyer and seller will pay during the settlement portion of a real estate transaction. Everything from the sale price, loan amounts, school taxes and other pertinent information is contained in this document.
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.
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what is alta in real estate