Value Added Solutions
Additional Services - Commercial Title Insurance
The best investment for commercial properties
A commercial title insurance policy can eliminate the need for costly searches while continuing to satisfy the requirements of both owners and lenders. It allows for transactions to close on time by insuring over many known or potential defects. For a one-time premium, the policy can protect both the lender or purchaser against specific losses as outlined in the policy.
Take advantage of our other commercial title related services:
Streamlining the closing process.
Searches
FCT is able to conduct searches for your commercial real estate transactions. Our knowledgeable agents across the country have the provincial expertise and are current on any legislative changes that may affect title searching.
Funding Services
FCT can act as a funding agent. The funds can be deposited into an account and we can deliver funds to all parties in a timely manner, based on the direction regarding the funds. Last year, we funded more than $2.3 billion.
Registration Services
FCT can attend to registering the security documents after they have been signed.
Environmental Risk Management Services
A unique type of coverage.
Environmental Risk Management Services give our customers the ability to acquire insurance for risks associated with any structures that later may be found to have been built on contaminated ground. Environmental consulting and remediation services are also available as part of this service.
Purchasing Environmental Risk Management Services in conjunction with commercial title insurance is a sound investment. It can help close complex transactions more quickly and efficiently, as well as provide customers with cost savings. No other title insurance company in Canada offers this service.
Mortgage Portfolio Services
A simple, secure way of transferring mortgages.
When lending institutions choose to sell or purchase mortgages in bulk from other financial institutions or private investors, the legal implications are significant.
FCT's Mortgage Portfolio Services provide a secure way to:
- Arrange for the preparation of all mortgage assignment documents
- Be protected with title insurance
- Transfer fire insurance
This service is available for a fixed cost for portfolios of 20 to1000 or more mortgages, which can be commercial, residential or a mixture of both. With title insurance from FCT, each individual mortgage in the portfolio is protected as though it were title insured from its origination, not just from the time of transfer.
Tax and Search Services
Simplifying back-end requirements.
FCT's Commercial Real Estate Tax Services provides comprehensive commercial real estate tax information. FCT offers expertise, an accuracy guarantee and simplification of tax reporting.
FCT offers three types of services:
- Payment status reporting - provides lenders with the status of real property tax payments on each loan in a portfolio;
- Tax account status reporting - provides lenders with the status of real property tax installments on each loan in a portfolio; and
- Tax verification - enables lawyers and lenders to obtain municipal tax information through a single source, faster and at a reduced cost.
