Closing is the most important part of any commercial real estate transaction, regardless of the type of property involved. In this article, we are going to discuss the closing and escrow processes for commercial property transactions.
The Closing Process
Throughout the course of the closing process, we follow every instruction to the letter and make a point that all involved parties do the same. During a typical commercial real estate closing process, your title company will provide the following services:
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Ensure all required parties sign all the requisite documents.
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With the help of title officers, approve documents, clear liens, and provide endorsements
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Prepare the settlement statement, which documents all disbursements
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Distribute funds according to the settlement statement
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Record documents in the appropriate county
These are just a handful of the many functions performed by the title company. Your title company can also answer any questions you have about the closing process before, during, or after the actual closing of your property. It’s important to work closely with a title company you can trust in order to ensure your transaction is a success.
Take Action on Your Commercial Transaction Today!
Take action on your commercial real estate transaction today by reaching out to the team of experts at Commercial Partners Title Company. Our team consists of a wide array of professionals including title closers, escrow agents, and underwriters. We have been providing services to the commercial title industry for decades. You can find out more about our services and see if we can help by contacting us at our downtown Minneapolis office. Let us put our experience to work and make sure your commercial transaction goes smoothly!