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Mark Goodman Commercial Partners Title, LLC is dedicated to providing unparalleled customer service, commercial title insurance solutions, and creating great relationships. It is vital that we continue to find ways to execute on these promises to our clients; and with the advancement of social media, we believe we can take our values and ideals to a new level.

Please take some time to revisit our website and take advantage of our social media presence.

I hope you find our blog to be informational and educational. We want to continue to be your Experts in commercial title insurance.

I welcome your feedback.

Cordially, Mark

February 14, 2019 by Mark Goodman Leave a Comment

Consider These 3 Things When Searching for a Title Company

Finding a title insurance company you can trust to facilitate your commercial real estate transaction is essential. But with so many options to choose from it can be difficult for many investors to make an informed decision. In this article, we are going to talk about three things to consider when you’re searching for a commercial title insurance company.

Experience

Experience is one of the most important factors to consider when you’re looking for a title company to facilitate your commercial transaction. The more experience your title company has, the easier it will be to put your trust in them. It’s also important to ensure that your title company has experience working on transactions in your geographic area, as certain processes and rules can vary by region. At Commercial Partners Title, we have more than three decades of experience working in the field of commercial title insurance.

Credentials

At the very least, you want to make sure that your title insurance company has the appropriate credentials to offer you a title policy and act as your closing agent.

Respect

Finally, make sure that your title company is well respected by their customers and peers. Visit their website and third-party listings to read reviews and testimonials from their colleagues and clients.

Title Insurance Experts

Having an owner’s title insurance policy on your commercial property protects your interest in the property in the event that someone brings a claim on the property in the future. When you’re shopping around for a title company, you’ll find a lot of options. But it’s important to go with a title company you can trust. Commercial Partners Title has been facilitating commercial transactions for decades. We are recognized experts in the field of title insurance across the country. Reach out to us at our Minneapolis office to learn more about our services.

February 12, 2019 by Mark Goodman Leave a Comment

What Happens if You Don’t Have Title Insurance?

We talk a lot about the importance of having an owner’s policy of title insurance on your commercial property. One of the best ways to illustrate the importance of title insurance is to discuss what happens when a person does not have a title policy. In this article, we are going to talk about what can happen if you don’t have title insurance on your commercial property.

Legal Fees

If someone brings a title claim on your property and you do not have an owner’s title insurance policy protecting your interest in the property, you are on your own. It’s up to you to defend the title claim and prove your ownership of the property. Depending on the situation and the property in question, this can entail hefty legal fees that you will need to pay in order to defend your claim.

When you have an owner’s title insurance policy, you are protected from such claims (as explained in your title policy). Should a person bring a title claim on your property in the future, your title insurance policy will protect you and your title company will defend your claim to the property. Perhaps most importantly, they will cover any legal fees associated with the title defense so you don’t have to. Considering that, title insurance can save you a lot in the long-run.

Expert Commercial Title Services

If you are looking for a title company to underwrite an owner’s policy of title insurance on your commercial property, look no further than Commercial Partners Title. We have decades of experience facilitating commercial transactions from their inception all the way to the closing table. Our underwriters, closers, and attorneys are here to help you through each and every stage of your transaction – making sure you understand the process and feel comfortable along the way. Contact us today at our offices in downtown Minneapolis to set up a time to chat.

February 11, 2019 by Mark Goodman Leave a Comment

3 Title Insurance Exceptions to Understand

When a title company provides you with a title insurance policy, they will include a list of exceptions that are excluded from coverage. Some of these exceptions are standard and apply to all properties, while others are specific only to your property. These exceptions can include mortgages, deeds, easements, or any prior agreements made by the previous property owners. It’s essential to be aware of these exceptions and how they impact your policy coverage. In this article, we are going to talk about three of the most common title insurance exceptions that you need to understand when purchasing title insurance.

Easement Rights

Easements are quite common when dealing with commercial property and can have a huge impact on your title insurance policy coverage. Your title company will identify all easements impacting your property during the title search so you can address these as needed.

Use Restrictions

Certain agreements like deeds and leases can impose restrictions on the use of a particular property. For example, if you’re purchasing a retail property but also intend to use part of the property for residential means, there may be a use restriction in place preventing that. Again, it’s important to understand the restrictions that are in place to you can address them early in the process.

Building Restrictions

There may also be agreements in place on the property that restrict the location, size, and architecture of the building. For example, if you purchase a 4 story retail property and decide to ad several stories of apartments above that property, you may not be able to because of building restrictions.

Commercial Partners in Minneapolis, MN

At Commercial Partners Title Company, we provide commercial title services to clients all over the United States. We are recognized as experts in commercial transactions in Minnesota and across the country. Our team brings decades of experience to the closing table so you can rest assured that your transaction is in good hands. Contact us today at our office in downtown Minneapolis to discuss the details of your next commercial transaction and find out how we can help.

February 7, 2019 by Mark Goodman Leave a Comment

3 Pro Tips for Resolving a Title Claim

Having someone bring a title claim on your commercial property can be scary and confusing. In this article, we are going to offer up a few tips for resolving a title claim on your commercial property.

Contact Your Title Company

If you have received a notice that someone is bringing a claim on the ownership of your property, the first thing you should do is contact your title company. Your owner’s policy of title insurance should protect you against such claims brought on your property and your title company should cover all the associated legal fees of defending your ownership in the property.

Send a Formal Letter

Draft a letter to your title insurance company at the address found on the back of your policy jacket. In this letter, you should describe the details of the claim being brought against your property. Be sure to include any backup documentation that may be helpful. You should also send this letter via certified mail so you get a confirmation of delivery.

Await the Investigative Process

Upon receiving your letter, your title company will begin the process of investigating this claim. The investigation typically includes reviewing a host of documents and contacting the title agent who issued the policy. Your title company will reach out to you after completing the investigation with the results.

Title Insurance Company in Minneapolis, MN

Commercial Partners Title Company has been helping clients through the ins and outs of their commercial transactions for decades. We are recognized across the United States as experts in commercial title insurance. With that level of experience, you can rest assured that your transaction is in good hands. If you need title insurance for your next commercial transaction, contact the team at Commercial Partners Title. Reach out to our commercial title experts today at our downtown Minneapolis office for help with your next commercial transaction.