Coop/Condo Due Diligence Service™ of TitleVest gets introduced

TitleVest happens to be a Manhattan-based provider of title insurance and pertinent real estate services and has introduced its Coop/Condo Due Diligence Service™. What is the uniqueness of this novel service? If we rely upon the company, the new service does render real estate attorneys, standing for 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. Aside from this, it has also been learnt, that TitleVest will talk to the coop/condo’s managing agent with regard to a predetermined list of other key issues.

What may be the core benefits? Well, as far as the benefit to attorneys is concerned, they shall be able to procure vital due diligence in an opportune and money-spinning manner without having to leave their office. On the other hand, attorneys who have a preference to carry out their own review of the complete minutes on site at the office of the managing agent, TitleVest’s due diligence reports can proffer the benefit of a “second set of eyes” and take the edge off the possibility of any oversights.

It has also come to the knowledge that before introducing this new service, TitleVest went through consultations with more than a few of the leading coop/condo attorney experts and did amass an extensive list of issues that could have an effect upon their clients’ decision of purchasing.

“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.”