MylesTitle is committed to providing unparalleled expertise, special care and exceptional customer service when handling the most intricate and valuable commercial closings in Virginia. Our mission is to ensure safe and efficient transactions to help consumers, mortgage lenders and brokers, attorneys, and other professionals prosper.
In addition to successfully facilitating title insurance, surveys, and searches, we offer a variety of title-related services and finance solutions. Most importantly, we value and prioritize your time, investment, and safety. Our extensive experience and in-depth knowledge ensure secure and responsible investments in complex commercial high-value transactions. Call us today at 410-458-8975 and book consultations with our leading title insurance experts in VA.
Commercial VS. Residential Title Insurance in Virginia
It is easy to assume that title insurance for residential and high-value commercial properties are the same, however, that is not the case. Differences arise in the coverage, underwriting process, and complexity of transactions, among other things.
Title insurance policy for commercial properties usually involves wider coverage, extra endorsements, and higher policy limits due to the increased worth and intricacy of the transaction. They may also include coverage against specific risks typical for commercial properties, such as land use or zoning.
The underwriting for commercial properties is distinctively more complicated and requires more time to complete. Extensive research, a colossal amount of documentation, and collaboration with many experts are just a part of what must be completed to ensure all possible issues are tackled.
Transactions often include multiple parties, such as investors, lenders, and developers, which makes the process even more complex.
In summary, commercial closings are significantly more intricate and time-consuming, which creates the need for trustworthy and knowledgeable underwriting teams of attorneys and paraprofessionals to successfully handle your policy.
At MylesTitle, we are highly experienced in providing superior settlement services in Virginia. Do not hesitate to contact us about all your commercial title needs. Our team of professionals will smoothly handle your real estate transaction. Knowing your investment is being handled by top-notch professionals will give you peace of mind, which is a valuable asset to have.
How Does Commercial Title Insurance Work in Virginia?
In the State of Virginia, title insurance is not required by law. Regardless, your mortgage lender will almost certainly specify it as a condition of the mortgage loan. Therefore, if you are buying a property in Virginia, it is highly recommended to purchase a title insurance policy to protect against any unforeseeable issues that might arise in the future.
How To Buy Commercial Title Insurance in Virginia?
When investing large sums of money, you want to be safe. You want to secure your future financials. Your number one choice for matters of commercial title in Virginia should be MylesTitle. We are a renowned title company with over 27,000 real estate closings and over $16 billion in settled transactions. We serve the entire Virginia.
A boutique agency led by its founder and nationwide recognized attorney Myles Lichtenberg, Esq. is your ticket to a successful and safe closing. We pride ourselves on a wide array of services we offer, such as:
- Title insurance policies (lenders and owners) and endorsements
- Multi-site and multi-state transactions
- Smooth transactions with escrow and closing services
- Comprehensive title searches for commercial, residential, and multi-state properties
- Impeccable boundary, location and ALTA/ASCM surveys
- Commitments, exceptions, and endorsements of title insurance
- Thorough local, VA state and federal judgment and lien searches
- Highly skilled conducting of deeds, deeds of trusts, mortgages, and release of liens
- Property easement agreements, loans, including incumbency documentation
- Providing UCC searches and insurance
- Zoning certifications compliant with Virginia’s regulations
- Environmental assessments for sustainable development of property
- Proactive settlement statements to be reviewed well before closing
- Coordinating closings with all parties involved
- Specialists for Construction Loan
- Funding and disbursements
- Deeds registration
- IRS 1031 exchanges
When purchasing commercial property, it is vital that the transaction of ownership goes effortlessly and that it is protected for future times. Typical commercial title covers include and protect you from judgments, liens, outstanding taxes, fraudulent documents and forgery, boundary and survey issues, and recording problems, easement issues and encroachments.
There is always the possibility and the need to protect your real estate with additional covers, specific to commercial properties only. Call our title expert at 410-458-8975 and receive expert advice about the most effective coverage for your investment.
Commercial Properties We Serve & Common RE Insurance Transactions
Commercial Real Estate, or CRE, are buildings or properties which generate profit, either from rent or capital gains. MylesTitle’s distinctive work practices and extensive expertise maximize results in closing any of the following commercial property types:
- Self-Storage
- Data Centers
- Vacant Land
- Office buildings
- Apartments
- Retail (shops, malls, outlets)
- Industrial (heavy manufacturing and light assembly properties, data centers, research & development departments, and showrooms)
- Hospitality (hotels, motels and inns)
- Multi-family housing
- Special purpose properties
- Mixed use (theaters, healthcare facilities, stadiums)
- Auto Dealerships
- Restaurants & Bars
- Warehouses
- And others
At MylesTitle we pride ourselves on providing management of accurate due diligence services conducted by a highly experienced underwriting team of attorneys and administrative personnel. Our staff strives to close all types of commercial properties and property transactions like land acquisition or fee and leasehold smoothly and efficiently.
Benefits of Working with MylesTitle
If you are making large commercial investments in Virginia, it is essential to have a reliable and respectable title firm by your side to guide you and direct you toward your successful settlement. You can fully rely on MylesTitle to provide the following:
- Committed to client’s needs 24/7
- Team of real estate attorneys and underwriters with 5 decades of experience
- Quick turnaround time
- Superior customer support
- Full title service – all you need in one place
- Nationwide title services
- Flexible and transparent fees
- Hispanic speaking title services
We Serve Throughout Virginia
MylesTitles is present across Virginia, including the wealthiest counties where the commercial real estate market is flourishing. If you are investing in booming and profitable commercial areas in Virginia, we can assist you in getting the title insurance policy, as we serve all the thriving and rich counties, from Loudoun County, Fairfax County and Arlington County to Alexandria City and Prince William County.
Get A Commercial Title Insurance Quote in Virginia Now – Fast and Personalized
Looking to get a quote from a reputable title company in Virginia? Look no further than our devoted team of trustworthy and skilled attorneys at MylesTitle. With our long-standing presence in the business and absolute commitment, we will always have your best interest in mind. We offer customized solutions tailored specifically to your needs. The fees are calculated based on each case, ensuring you receive competitive and transparent pricing. Discover how we can assist you in protecting your commercial real estate investments (refinancing, purchase or sale) with our exceptional Virginia commercial title services.
Contact us and request your title quote today at 410-458-8975 or myles@mylestitle.com, or fill out the form below and speak with our attorney specializing in commercial closings.
Frequently Asked Questions
How Much Is Commercial Title Insurance in Virginia?
Although there are no fixed rates for title insurance in Virginia, they are regulated by the State Corporation Commission’s Bureau of Insurance. Additionally, each insurance company must file its price list with the Bureau. Title rates are determined based on the title insurance company, the coverage, the type of policy (owner’s or lender’s policy), and the property’s value. To determine the specific title insurance rate, contact our agent who will provide an accurate quote.
Am I required to have title insurance for commercial property in VA?
Title insurance is not obligatory in Virginia; however, it is highly recommended to have a policy for several reasons. Mainly to protect your investment. Additionally, the lenders will most likely make title insurance a condition for your loan. On the other hand, the owner’s policy is often left at your discretion.
How often do I have to pay title insurance premiums in Virginia?
A title insurance premium is paid only once, at closing. For your reference, you will have to pay the fee once for each policy you purchased (owner’s policy, lender’s policy, or both)
Who takes care of title insurance expenses in VA?
The buyer commonly pays title insurance policy.