Policies + Standards Policy Forms ALTA Settlement Statements ALTA Settlement Statements ALTA has developed standardized ALTA Settlement Statements for title insurance and settlement companies to use to itemize all the fees and charges that both the homebuyer and seller must pay during the settlement process of a housing transaction.
There are 4 types of ALTA statements made according to their unique recipients. These four types of statements are: ALTA Statement for the Seller. A statement of cost components that the seller is supposed to receive. ALTA Statement for the Borrower/Buyer. ALTA statement with the same cost components made exclusively for the buyer.
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what is alta in real estate
