There are many potential problems that can crop up when it comes to commercial property title, including: errors, omissions, and other defects. When a problem arises, it’s important to know how to best proceed. In this article, we are going to talk about what happens when a problem arises with your property title.
Reach Out to Your Title Company
The best thing you can do when a problem arises with your title is to contact the company that issued your title insurance policy. They will be able to advise you on the next steps. Every title policy is different, but in general a title policy should protect your interest in the property against claims arising from issues with your title so your title company should be able to guide you through the process.
If you do not have a title insurance policy for your property, your options are much more limited (hence the importance of purchasing title insurance for any commercial property). That said, it can still be beneficial to contact a title company to discuss your situation and see if there’s anything they can do to help.
Consult with a Commercial Title Expert
Commercial real estate transactions can be complicated and frustrating. But you don't have to tackle them alone. Working with a commercial title company like Commercial Partners Title can alleviate your frustrations and ensure the process runs as smoothly as possible. Our team of title underwriters, closers, escrow agents, and more is here to help you through all the specifics of your next commercial real estate transaction. Reach out to our experts today to set up a time to discuss the ins and outs of your next transaction.