A title company performs several vital functions throughout the course of a commercial real estate transaction, but many aren’t aware of these important functions. In this article, we are going to discuss three essential services that your commercial title company provides during a commercial transaction.
Your Title Company is a Title Searcher
Your title company acts as a title searcher. This means they perform an exhaustive title search on your property. This is an essential step in order to find and resolve any defects that exist in the chain of title to your property. If these defects are left unresolved, they can potentially cause major headaches down the line if another party is able to bring a legitimate claim against your property.
Your Title Company is a Title Insurance Issuer
Your title company is also a title insurance issuer. After completing a title search, they will provide you with a title insurance policy. Said title insurance policy works to protect your interest in the property against any future claims brought against the property.
Your Title Company is a Closing Agent
Your title company is also a closing agent. They will make sure all documents are signed by the required parties and everything is buttoned up at the closing table.
Commercial Partners Title Company in Minneapolis, MN
Commercial Partners Title Company provides commercial title services to clients throughout the state of Minnesota and across the United States. For decades, we have been facilitating commercial transactions of all shapes and sizes. During our time in business, we have developed a reputation as being experts in commercial title. Our team of escrow agents, title closers, underwriters, and more can help guide you through the details of your transaction. Contact us today at our Minneapolis office to learn more about our full range of services and see how we can help with your next commercial real estate transaction!