The first step in obtaining a title insurance policy is submitting a title insurance application. In this article, we are going to run through the information you need to gather in order to submit a title application for your commercial transaction.
Title Application Info
Before you begin the title process, you’ll need to compile some preliminary information to provide your title company. Here are the initial items you need to submit to your title company in order to begin the title process:
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Buyer name and contact information (address, phone, email, etc.)
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Seller name and contact information (address, phone, email, etc.)
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Lender name and contact information (address, phone, email, etc.)
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Information about the counsel for the buyer, seller, and lender
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Information about the agent or broker for the buyer and seller
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Mortgage broker name and contact information (address, phone, email, etc.)
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Surveyor name and contact information (address, phone, email, etc.)
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Property address and information
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Type of Policy and dollar amounts
Once you have all of the above information ready to go, you can send it to your title company either in person, by mail, or via an online form.
Commercial Title Company in Minneapolis
At Commercial Partners Title Company in Minneapolis, we offer commercial title insurance services to clients in numerous industries. Our team consists of escrow agents, title closers, underwriters, and more who work to help you through every aspect of your title insurance transaction. With decades of experience, we are recognized across the country as the experts in commercial transactions. Our focus is on building relationships with each and every one of our clients so that we can provide personalized services. Contact us today at our downtown Minneapolis office to speak with one of our commercial title experts.