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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

November 14, 2019 by Mark Goodman

Street Assessment Endorsement Example Template

The ALTA Street Assessment Endorsement can be helpful when underwriting title insurance. In this article, we present an example template of the ALTA Street Assessment Endorsement to be used in a title policy.

STREET ASSESSMENT ENDORSEMENT (ALTA 1-06) (Adopted 6/17/2006)

The Company insures against loss or damage sustained by the Insured by reason of the lack of priority of the lien of the Insured Mortgage over the lien of any assessments for street improvements under construction or completed at Date of Policy.

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls.

Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.

Get Help with Your Commercial Title Insurance Policy

At Commercial Partners Title Company, we pride ourselves on our ability to develop and maintain long-lasting relationships with our clients. Over the past several decades, we have developed a reputation as being experts in commercial title solutions. Our team of escrow agents, title closers, and underwriters are ready and able to assist you through all the details of your next commercial real estate transaction. Reach out to our commercial real estate experts today for help with your commercial transaction.

November 12, 2019 by Mark Goodman

ALTA Usury Endorsement Template

In this article, we provide an example template of the ALTA Usury Endorsement that can be used when underwriting title insurance.

USURY ENDORSEMENT – 27-06 (Adopted 10/16/2008)

The Company insures against loss or damage sustained by the Insured by reason of the invalidity or unenforceability of the lien of the Insured Mortgage as security for the Indebtedness because the loan secured by the Insured Mortgage violates the usury law of the state where the Land is located.

Building Long-Lasting Relationships

At Commercial Partners Title, we pride ourselves on the long-lasting relationships we’ve built with our clients. Over the past several decades we have built up a reputation as experts in commercial transactions both in Minnesota and across the United States. Our escrow agents, underwriters, and commercial closers can make sure you are fully prepared when it comes time to close on your transaction. Contact our commercial title experts today to get the help you need with your next commercial transaction.

November 11, 2019 by Mark Goodman

An Example of the Truth in Lending Endorsement

The Truth in Lending Endorsement is available to title insurance underwriters. In this article, we provide an example of the truth in lending ALTA endorsement that may be applicable to your title insurance policy.

TRUTH IN LENDING ENDORSEMENT – ALTA 2-06 (Adopted 6/17/2006)

The Company insures against loss or damage sustained by the Insured by reason of:

any final judgment of a court of competent jurisdiction that either the lien of the Insured Mortgage has been terminated or the Title of an Insured, who has acquired all or any part of the Land by foreclosure, trustee’s sale, conveyance in lieu of foreclosure, or other legal manner, that discharges the lien of the Insured Mortgage, has been defeated by a valid exercise of the right of rescission conferred by the Federal Truth-in-Lending Act and that the right or rights of rescission existed because neither the credit transaction evidenced by the Insured Mortgage nor the right of rescission was exempted or excepted by the provisions of Regulation Z (12 CFR 226).

Commercial Partners Title Company in Minneapolis, MN

Commercial Partners Title Company has been providing unparalleled commercial title services to clients in Minnesota and across the country for more than two decades. Our team of escrow agents, underwriters, and title closers is here to guide you through each and every step of your commercial real estate transaction. Contact us today to learn more about our services and how we can help you with your next commercial transaction. Our primary office is located in the heart of downtown Minneapolis.

November 7, 2019 by Mark Goodman

A Template of the ALTA Assignment Endorsement

The ALTA Assignment Endorsement can be used in a commercial real estate title policy. In this article, we provide a template of the ALTA Assignment Endorsement that can be utilized in a title insurance policy.

ASSIGNMENT ENDORSEMENT (ALTA 10-06) (Revised 2/3/2010)

The name of the Insured at Date of Endorsement and referred to in this endorsement as the “Assignee” is amended to read: _______________.
The Company insures against loss or damage sustained by the Assignee by reason of:
1. The failure of the following assignment to vest title to the Insured Mortgage in the Assignee: _____________________________________;
2. Any modification, partial or full reconveyance, release, or discharge of the lien of the Insured Mortgage recorded on or prior to Date of Endorsement in the Public Records other than those shown in the policy or a prior endorsement, except:________________________;

This endorsement does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees, or expenses, by reason of any claim that arises out of the transaction creating the assignment by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws that is based on:

the assignment being deemed a fraudulent conveyance or fraudulent transfer; or
the assignment being deemed a preferential transfer.

This endorsement shall be effective provided that, at Date of Endorsement, (1) the note or notes secured by the lien of the Insured Mortgage have been properly endorsed and delivered to the Assignee, or (2) if the note or notes are transferable records, the Assignee has “control” of the single authoritative copy of each “transferable record” as these terms are defined by applicable electronic transactions laws.

Contact Commercial Partners Title Company

Underwriting title insurance is a complex process and it’s important to work with a skilled and experienced title company to ensure the success of your transaction. The team at Commercial Partners Title has decades of experience issuing title insurance policies for both lenders and owners. Reach out to Commercial Partners Title Company today to learn about the full extent of our services and how we can help you with your next commercial transaction. You can find us at our primary office located in downtown Minneapolis.