Title searchers are an essential part of any commercial real estate transaction. In this article, we are going to talk about the essential role that title searchers play in a commercial property transaction.
What a Title Searcher Does
A title searcher is a professional who performs a title search on your property before you purchase it. This is an essential function that not many people consider when purchasing a new piece of property. A title search consists of digging back through the historical chain of title on the property in question – keeping an eye out for any defects or inconsistencies along the way.
Why is a Title Search Important?
A title search is absolutely essential because it helps ensure that the chain of title is correct and that you are the full legal owner of the property when you complete the purchase. If you neglect to have a title search done and there are any defects in the chain of title, that opens up the potential for someone to bring a claim on your new property. That means you will have to defend your ownership claim in court – which can add up to hefty legal fees. Conducting a title search and securing a title insurance policy can help avoid these costly mistakes.
Commercial Title Services
When you’re purchasing a piece of commercial real estate, it is essential to work with a skilled title searcher. Commercial Partners Title is dedicated to providing top-notch commercial title services to each and every client that walks through our doors. Contact us today to learn more about the title services we provide and get your commercial transaction off the ground today! You can find us at our primary office in downtown Minneapolis. We work with clients throughout the state of Minnesota and across the United States.