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Commonwealth' <br />ra <br />LAND TITLE COMPANY <br />Issuing Policies of Commonwealth Land Title Insurance Company <br />and continuing to service Lawyers Title transactions <br />Understanding of Needs Statement <br />Commonwealth Title will provide all title and escrow related services for the city's various <br />Capital Improvement Projects and other facilities that will be used under the direction of City <br />staff. <br />Services will be provided on an as needed basis. Our timely services include but are not limited <br />to: <br />1. Issuance of new Preliminary Title Reports <br />2. The Updating of existing Preliminary Title Reports <br />3. Issuance of Litigation Guarantees <br />4. Issuance of Continuation Endorsements on previously issued Litigation Guarantees <br />5. Issue CLTA and ALTA insurance policies as requested <br />6. Issue any and all needed CLTA & ALTA Endorsements <br />7. Copies of all Deeds, Maps, and other related Documents <br />8. Access to our on-line property information website <br />9. The creation of Title Chain's going back to a predetermined amount of time <br />10. Opening and reviewing all purchase and sale agreements entered into escrow. <br />11. Created deeds and draw up documents as requested per the city <br />12.. Send opening packages within 24 hours of opening Escrow along with estimated closing <br />statements. <br />13. Coordinate closings with all parties involved insuring both opening package and closing <br />packages are executed properly. <br />14. Disperse funds to named parties and benefactors of each closing and provide final closing <br />statements. <br />15. User Name and ID's for the City to access our Online Virtual file system. <br />All services will be provided with attention to detail and will be performed at the highest <br />standards within the industry. <br />