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Updated about 8 years ago on . Most recent reply
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Looking for a Title Company in Chicago
Hi my business partner and I need a good title company in Chicagoland to establish a realtionship with. We currently have a deal pending but we need to verify title before we submit a contract. Any recommendations?
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@Jerome Lanier, you'll be in good hands with any of the major title underwriters here in Chicago (e.g., Fidelity, Chicago Title, Stewart, First American). However, keep in mind that, depending on the contract you're submitting, there's probably a title provision that calls for the seller to convey clean title (i.e., marketable title not subject to unpermitted exceptions) at closing. This means that the seller (I'm assuming you're the buyer since you're submitting the offer) is obligated to clear up the title issues. Also keep in mind that you can look up the property on the cook county recorder of deeds, which will show any instrument recorded against the property. If you have any other questions, just let me know.