Property development is a multifaceted sector of the real estate industry that encompasses the development of raw land with new construction, and building improvements through renovations, repairs and remodels. This business is also about building meaningful relationships between builders and their business partners.
Our builder partners have special needs during real estate transactions, as they convert two-dimensional ideas on paper into real property, often requiring special escrow services for draws or funds disbursements throughout the project.
We partner with a wide range of local builders and nationwide developers to create a seamless transaction for our respective home buyers and investors. Our team of professionals works along your side researching the land and property and supplying the necessary title reports, copies of easements and adjoining deeds. We offer a full suite of builder solutions to enhance the consumer experience during each and every phase of construction to ensure the title is clear and all legal documents are recorded properly.
Land acquisition can be a lengthy process. Depending on the status of the land and many other factors, it often may take several years from the close of escrow. Our team can help provide specific support during this type of transaction, including recording a Memorandum of Option, preparing a Key Escrow Dates spreadsheet from the Purchase and Sale Agreement, and other unique services to help manage your documents and orders.
Chicago Title employs a staff of specially trained technicians to work with our developer clients throughout the division of land (subdivision) process. Our technical and underwriting staff examines, reports, guarantees and insures the condition of title for all types of subdivision developments. In addition, as a member of the developer’s team, we stay on top of new legislation and work closely with the developer, project engineer and attorney in order to anticipate and resolve the many title related issues that arise through the course of a construction project.
Title insurance provides you the assurance that possible clouds on title to the property you are purchasing - which can be discovered from the public records - have been called to your attention that such defects can be corrected before you buy. Additionally, it is insurance that if any undiscovered claims covered by your policy arise out of the past to threaten your ownership of real estate, it will be disposed of, or you will be reimbursed exactly as your title insurance policy provides.
Competent funds disbursements, purchase contract execution and property ownership transfer are essential to successful real estate transactions. As your trusted partner, we manage all aspects of your residential closing from the preparation of the Closing Disclosure, to the distribution of funds, document recordings, and even home warranty.
We employ a staff of highly trained technicians to examine, report, guarantee and insure the condition of title for all types of subdivision developments. Our job is working closely with you, your project engineer and attorney to anticipate and resolve the many title related issues that arise throughout the course of a project.
We understand how important it is to obtain a Public Report from the Department of Real Estate (DRE) in a timely manner. Chicago Title offers the services of experienced DRE Coordinators to assist you in obtaining a Public Report. Our experienced staff is up to date on the latest regulations, procedures and constantly changing forms used in processing and filing a Public Report. Let our DRE Coordinators assist you with your residential subdivision project.