What is the process for investigating the title of a commercial real estate property?

When investigating the title of a commercial real estate property in Virginia, there are certain steps one must take in order to ensure that all legal requirements are properly met. To begin, the party should contact a title insurance company to purchase a title search. This title search will review the chain of title for the property, which includes all documents that have been recorded regarding any transfers of ownership. The title search will also include a review of the local tax records to verify the current owner’s identity. Next, the title company will conduct a search for any liens, judgments, or mortgages that have been recorded against the property, as this must be disclosed to the buyer in a real estate transaction in Virginia. The company will also thoroughly review the deed associated with the property, to ensure that it is valid and that any restrictions imposed by the deed are properly noted. Finally, the title company should conduct a review of all zoning ordinances, building codes, and other laws that are applicable to the property, to ensure that there are no violations of legal restrictions that might adversely affect the property’s value. The title company will then issue an insurance policy that will provide the buyer with financial protection in the event that any previously undisclosed legal liabilities arise. All in all, the process of investigating the title of a commercial real estate property in Virginia is vital and must not be neglected in order to protect the interests of all parties involved.

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What is the process for investigating the title of a commercial real estate property?

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