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New 2006 ALTA Forms

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Seems a little out-of-date to call something “new” that’s five years old. It’s not that we’re that far behind, but as my attorney brother points out, this is the version of the forms the State has recently approved for use with title insurance products in Florida.

What am I talking about?

ALTA stands for American Land Title Association, which is the national trade association and voice of the abstract and title insurance industry.


ALTA members—such as Land Title of America and other title companies—search, review and write title insurance policies to protect home buyers and mortgage lenders who invest in real estate.

Why are the new forms significant?

Real estate investors buying land need to know to ask for the 2006 ALTA forms. Older ALTA forms don’t provide the same protection and coverage the new forms do. Hey, we all need to be on the same page here.

There are some changes in the 2006 version I’d like to point out:

  1. They made the fine print larger. They don’t like that fast talking like at the end of a radio ad, and they don’t like fine print. The fine print’s larger so it’s easier for everyone to read.
  2. With Surveys, you don’t have standard exceptions; instead, you have to specify exceptions on the survey.
  3. Title Insurance is now transferable to heirs. In the past, I recommended always get title insurance when inheriting property from family members. Now you can inherit title insurance along with the real estate. Please note, this change does not include property inherited prior to the adoption of the 2006 ALTA forms.
  4. The “Florida Form 9” is now called “Form 9.” Form 9 is very explicit about many items, including Mineral Rights, Covenants & Restrictions, and Encroachments.

For forms available online, or for more information, go to

Stephen CollinsNew 2006 ALTA Forms

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Isn’t she cute?  Did you know this little girl could own your home, evict you, and throw out all your stuff?  In the State of Florida, if a person lives in a home and has a minor child, that child inherits the house.  What if the previous homeowner had a girlfriend you didn’t know about? 

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