Initial Request for Title Product
Customer contacts their Chicago Title Sales Executive to initiate an order with a Title Unit. A Preliminary Report (or Prelim)/Title Commitment will be issued based on as much information that is available at this time (address, legal description, assessor’s parcel number, and/or owner’s name).
Searching and Examining
Your title unit performs multiple searches: Property, Seller Name(s), Buyer Name(s), and Taxes. Our customer service center expedites the process of obtaining hard copies of recorded documents. Chicago Title’s substantial investments in imaging technology helps to expedite searches by performing many of these time-consuming tasks online.
The skill and expertise of our title officers, engineers, assistants, searchers, and examiners is the key to providing you with a useful, accurate report. An interpretive view of all recorded matters is made to evaluate their impact on the title to the subject property.
In anticipation of ALTA coverage, a site inspection is ordered. From the inspection report, the initial title product is supplemented to show any encroachments or other discoverable off-record matters which would ultimately impact title.
Preliminary Report/Title Commitment
The initial report is issued. This “Prelim” is a working document which will ultimately become the Title Insurance Policy. It is constantly being updated and revised to reflect changes made during the due diligence process.
Commercial/industrial and subdivision transactions are as individual and complex as their multi-million price tags. High-liability real estate professionals rely on the experienced and insightful abilities of Chicago Title’s premier escrow team. All of our escrow personnel assure that when any single or multi-site changes hands, all requirements of the participants are flawlessly fulfilled.
Our customers are attorneys, brokers, principals, bankers, trust officers, developers as well as private parties. Chicago Titles premier escrow team can handle any level of complexity presented.
Our Services Include: