Thurston County Commercial Team

Our dedicated and experienced commercial team, with over 20 years of experience each, is ready to handle the most important part of each real estate transaction - the closing.

Each closing includes our turnkey solution approach to ensure all documents, deeds and funds are properly deposited by all parties, including the buyers, sellers and lenders. We diligently follow all instructions, and ensure all parties do the same.

The closing process for our customers includes:

• Securing all required signatures and approvals on documents and instructions
• Working closely with title officers to clear liens, approve documents to be recorded, and provide requested endorsements to owner and lender policies
• Preparing and obtaining approval of a settlement statement showing all disbursements and receipts of buyer and lender funds
• Complying with all written instructions from buyer, seller and lender
• Distributing funds in accordance with the settlement statement
• Recording the conveyance and mortgage documents in the applicable county

An earnest money deposit is the initial deposit of funds made by the buyer as a good faith gesture to the seller when a purchase contract is signed. This justifies the seller taking the property off the market until closing. It is important that an unbiased third party be selected to hold the earnest money until completion or termination of the transaction.

We open escrow and hold the funds in a trust account for which investment is offered as an option. As the Escrow Agent, we hold the funds until written release and disbursement instructions are received from the buyer and seller.

With us, you can rest easy knowing that:

• Your transaction will be expertly handled by an experienced staff, highly recommended in the industry
• Your funds will be safeguarded and available when needed
• Any issues will be handled quickly
• Agreed upon escrow instructions will be followed to the letter

We take pride in making sure our customers’ commercial real estate transactions are managed efficiently, accurately and with a personal touch. Put our Closing & Escrow team’s institutional knowledge to work for you!

Our team of experienced and knowledgeable underwriters works with customers to resolve any undesirable title issues so that when the sale or loan of the property is complete, the customer has a title insurance policy free and clear of any clouds or exceptions that could jeopardize priority or ownership of the land. An underwriter is assigned to each closing to review recordable documents and consider requests for special endorsements from the lender or purchaser to minimize the risk to all parties and to avoid coverage gaps. This requires a thorough knowledge of ALTA (American Land Title Association) endorsements and a firm understanding of the latest policy trends and local/state customs.

In addition, we identify and work to solve potential issues for lenders. Loan policies are required by most mortgage lenders in a commercial real estate transaction. These loan policies insure the lender’s interest in the property based on the dollar amount of the loan and the existing exceptions of record.

Our experienced team has worked with every type of complex commercial real estate transaction: acquisitions, dispositions, loan modifications, bankruptcies, workouts, foreclosures and exchanges.

Let Chicago Title Thurston guide you through the title clearance process!

Some of the Ways We Are Here to Help:

• Mortgage payoffs and releases
• Judgments and other orders of the court
• Pending litigation
• Mechanics lien clearance and waivers
• Non-imputation endorsements
• Zoning problems
• Foreclosure and bankruptcy
• Assessment letters
• Utility facility statement
• Special coverage, as needed

Let Chicago Title Thurston guide you through the title clearance process!