American Land Title Association
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

New York-based Title Agency Launches Coop/Condo Service

February 23, 2010

TitleVest, a Manhattan, N.Y.-based provider of title insurance and related real estate services recently launched its Coop/Condo Due Diligence Service. TitleVest’s new service provides real estate attorneys who are representing buyers of cooperative apartments and condominium units, with a transcript or abstract of any references to more than 50 relevant issues in the minutes of the Board of Directors’ and annual shareholders' meetings over the prior two-year period. In addition, TitleVest will interview the coop/condo’s managing agent on a pre-set list of other key issues.

The benefit to attorneys is that they obtain essential due diligence without having to leave their office. For those attorneys who prefer to conduct their own review of the complete minutes on site at the office of the managing agent, TitleVest’s due diligence reports can offer the benefit of a “second set of eyes” and mitigate the possibility of any oversights.

Prior to launching this new service, TitleVest consulted with several coop/condo attorneys and compiled a list of issues that could impact their clients’ purchase decision. The result is a approach to what can otherwise be a subjective review process.

“With the launch of our Coop/Condo Due Diligence Service, now real estate attorneys have a compelling alternative to the time consuming and often tedious task of reviewing the board minutes themselves," says Bill Baron, TitleVest’s president. "Once our clients experience the thoroughness of our review, many will be hard-pressed to pay another site visit to a managing agent’s office."

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment