Hiring a title company for your commercial transaction is important. Unfortunately, many people aren’t sure what exactly a title company does and why they are essential in a commercial transaction. In this article, we are going to explain what specifically your title company does for you during the course of your commercial transaction.
Title Searchers
One of the first essential roles your title company fills is as a title searcher – performing a title search on your property. Why is this an important step? To identify and resolve any existing defects in the chain of title. Left unresolved, these title defects can potentially come back to haunt you and result in another person bringing a claim on your property.
Title Insurance Issuers
Once your title company has conducted a thorough title search, they will compile their findings into a title report and, eventually, a title insurance policy. That policy will protect you as an owner of any future claims brought against the property you’re purchasing.
Closing Agents
Finally, your title company can act as your closing agent on your commercial transaction. In this capacity, they will make sure that all essential documents are signed by the appropriate parties at closing.
Commercial Title Services
If you are in need of commercial title services for your transaction, look no further than Commercial Partners Title Company. Our recognized title insurance experts have decades of experience facilitating commercial transactions for our clients. We can walk you through the entire process and make sure you have all your bases covered. Contact us at our downtown Minneapolis office today to learn more about the full range of our services and to set up your appointment with our title insurance experts today. Our primary office is located in Minneapolis, but we work with clients across the country!