PZR helping Commercial Title Companies in Austin, TX with the New 2011 ALTA requirements
Austin, Texas was among the top ten most searched real estate markets last year, according to a recent Realtor.com report. PZR® has been providing Zoning Due Diligence services to Lending and Title companies in the Austin area and throughout the state of Texas since 1994.
Commercial Lenders typically require Zoning compliance and conformance evidence prior to funding. Lenders require that the property be in compliance with applicable zoning ordinances with respect to usage, parking, setbacks, height, density, coverage requirements and more. Title insurers are particularly in need of this information which enables them to write their Zoning Endorsements (where available).
PZR® today is America's leader in educating Title companies on how the new 2011 ALTA survey requirements affects their business process. Title Insurers and companies know that the American Land Title Association, in conjunction with the National Society of Professional Surveyors, has modified the ALTA Survey requirements which become effective on 2/23/2011.
One significant revision is to Optional Table A – Item 6 (almost always requested by the lender) requires the title insurer to provide an accurate zoning designation and all applicable zoning code requirements. This represents another obligation of the title insurer in an already lengthy process.
The Planning & Zoning Resource Corp. (PZR®) has been providing zoning due diligence since 1994 and is America's largest zoning due diligence provider and the creator of the PZR® Zoning Report. PZR® has worked with all major title companies over the years and continues to provide zoning analysis and documentation allowing your insurer to issue their Zoning 3.1and 3.0 Endorsements.
Please let PZR® know if there are any questions or if assistance is needed by providing zoning information to the title insurer or surveyor. PZR® has several different levels of document packages available and can customize any of them to meet zoning document needs. The Planning and Zoning Resource Corporation (PZR®) is here to provide zoning due diligence information in a timely and cost effective manner. Please call David Anderson at 1-800-344-2944 ext. 3337 for additional information or submit a quick quote via the website.