TitleVest Launches Coop and Condo Due Diligence™ Service
Service provides essential due diligence of Board of Director minutes, interview of managing agent
New York, New York – February 23, 2010 –TitleVest, a Manhattan-based provider of title insurance and related real estate services, is pleased to announce the launch of 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 over 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 in a timely and cost-effective manner 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 of the foremost coop/condo attorney experts and compiled an extensive list of issues that could impact their clients’ purchase decision. The result is a disciplined 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”.
TitleVest’s new Coop/Condo Due Diligence™ service is the latest service offering in a growing list of industry-best services. TitleVest is the leading provider of coop lien searches and one of the largest title insurance agents in the New York City metropolitan area.
To learn more, please visit www.titlevest.com .
The TitleVest family of companies consists of TitleVest Agency, Inc., 1031Vest, LLC, and InsureVest Brokerage, LLC:
TitleVest (TitleVest Agency, Inc.) .) is a leading provider of title insurance, cooperative apartment lien searches, and related real estate services. TitleVest is a policy issuing agent for First American Title Insurance Company, Chicago Title Insurance Company, Fidelity National Title Insurance Company, Stewart Title Insurance Company, Old Republic National Title Insurance Company and Commonwealth Land Title Insurance Company .
1031Vest (1031Vest, LLC) is a leading Qualified Intermediary for IRC Section 1031 Tax-deferred Exchanges. A proud member of the Federation of Exchange Accommodators, 1031Vest is fully bonded and insured .
InsureVest (InsureVest Brokerage, LLC) is a full-service property and casualty insurance brokerage offering a full line of business and personal insurance products from its network of the leading and highest-rated insurance carriers.