Choosing Title Insurance
Title insurance is a key piece of any commercial real estate transaction. Without it, buyers and sellers would likely find the risks of exchanging property too high to tolerate. Title insurance has been in existence in the US 1874, to protect both buyers and sellers. The better your understanding of what title insurance is and the role it plays in commercial real estate transactions, the more prepared you will be for negotiating deals and protecting all your assets.
What Does Title Insurance Do?
Title insurance protects the buyer from problems with the chain of title on a piece of real estate. This insurance is used for both residential and commercial real estate sales. Because the amount of money is generally larger, financial transactions are more complex, and title transfer can often be more complicated, title insurance plays an extremely vital role in buying and selling commercial property.