What is Title Clearance in a Commercial Real Estate Transaction?

01/08/2024 11:35 AM Mark Goodman

Title clearance is one of the most important steps in the process of a commercial transaction. In this article, we are going to talk about the importance of title clearance in a commercial real estate transaction.

Title Clearance

Title clearance is an essential step in the title underwriting process in which the history of title to a property is thoroughly examined and cleared of any defects or issues. This helps protect the property owner against any possible future claims against the property.
Here are some of the title clearance services we provide:

Mortgage payoffs & releases
Pending litigation
Mechanics lien clearance
Orders of the court
Non-imputation endorsements
Zoning issues
Foreclosure
Assessment letters
Special coverage

When you work with the experts at Commercial Partners Title, we assign a specific underwriter to review the details of your transaction, including recordable documents and requests for special endorsements. This process ensures that your ownership interest in the property will be safe well into the future. We work with all kinds of commercial real estate transactions, including:

Dispositions
Acquisitions
Bankruptcies
Loan modifications
Workouts
Foreclosures
And more!

Commercial Title Insurance Experts

The entire team at Commercial Partners Title Company has a combined 200 plus years of experience facilitating commercial transactions throughout the United States. We are the recognized experts in commercial title transactions. If you are looking for assistance with your next commercial transaction, look no further! We can make sure you have all of your bases covered and that you are well prepared for the closing of your transaction. Contact us today at our downtown Minneapolis office to learn more about our wide ranging services.