Escrow & Title
In New Mexico, ALTA (American Land Title Association) title insurance policies provide broader protection than standard policies because they cover:
AOnly recorded title defects
BBoth recorded and certain unrecorded title defects, plus access and survey issues✓ Correct
CPhysical damage to the property
DThe buyer's mortgage default
Explanation
ALTA policies offer expanded coverage beyond standard policies, covering certain unrecorded matters (like encroachments, access rights, and survey issues) that standard policies may exclude.
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