This may have been discussed elsewhere but I am curious about placing two adjoining parcels, with separate title commitments, on the same finished drawing. Is this a common practice? Is it acceptable? Thanks!
Same client? Same transaction? Why not?
This will be client driven for sure, ask your client, or the lending institution.
I don't see a problem except referencing both title commitments and trying to satisfy the ALTA requirements twice on the same plan.
I would think that the lending lawyers won't like it 🙂 (It makes WAY to much sense.)
Dtp
I've done it multiple times. Same client buyer or seller. Potential issues when there are different buyers and the attorney reviews the drawing. In that case it is usually not too much trouble to separate them.
Dan
I have networks that show every parcel that I have surveyed together on the same drawing..
When I do a drawing for one lot I will copy and move to the side and create individual drawings.
Sometimes they will contain several lots and the only change between drawings is the client information and I will highlight the subject tract with a bolder line for the boundary.
yea i have done this a handful of time. I don't see anything wrong with it.
It's fine so long as everybody else is happy.
Daniel Ralph, post: 342272, member: 8817 wrote: I've done it multiple times. Same client buyer or seller. Potential issues when there are different buyers and the attorney reviews the drawing. In that case it is usually not too much trouble to separate them.
Dan
You can combine multiple properties and/or commitments on a single ALTA/ASCM Land Title Survey. The one caveat is that you can only certify to one set of players. This pretty much eliminates the multiple reviewer problem.
If all the properties are all adjoiners to one another i usually just write one big property description as well instead of 4 separate ones.
You are certifying to whatever and all that is shown on your drawing as being correct according to your BOR regulations.
The Title Company may only make one deed and title policy from the information.
You are still liable for the extra information you wish to show.
:gammon:
Thanks everyone. It is certified to the same groups of people.