Escrow & Title
In a New York real estate closing, the 'ALTA/NSPS survey' (formerly ALTA/ACSM) is most valuable because it:
ASets the official property tax assessment
BShows the exact boundaries of the property, location of improvements, easements, and encroachments that might not appear in the title search✓ Correct
CGuarantees the accuracy of the title insurance policy
DCertifies the property meets building code requirements
Explanation
An ALTA/NSPS survey is a detailed land survey that shows the precise boundary of the property, the location of structures and improvements, easements, rights-of-way, encroachments, and other physical conditions. It provides information that the title search alone cannot reveal and is often required by commercial lenders.
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