There are many people involved in the title insurance process – each with their own role to play to ensure the process goes smoothly. In this article, we are going to talk about title searchers – what exactly they do and why they’re an integral part of a title insurance team.
Title Searchers
Put simply, title searchers are tasked with searching through the chain of title on a property prior to the property being sold or purchased. Their primary job is to seek out any defects or errors in the chain of title that could jeopardize the property owner’s claim to the property. This title search will go back as far as possible – ideally to the first time the property was purchased. Many people don’t even think about this process when purchasing a property but it really is essential during a commercial transaction for a variety of reasons. When underwriting title insurance, it allows the title insurance company to provide a title insurance policy to the buyer of the property. It also helps the buyer of the property rest assured that their interest in the property are secured and that no one else has a claim to their property title.
Commercial Partners Title
Commercial Partners Title works with clients throughout Minnesota and across the United States on commercial transactions of all shapes and sizes. Our team of commercial title experts have over 200 years of combined experience in the commercial title industry. We are known throughout the country as the experts in commercial transactions. If you are looking for help with your next commercial transaction, look no further than the expert team at Commercial Partners Title Company! Contact us today at our Minneapolis office to set up a time to talk with one of our team members about your next commercial transaction.