Construction Disbursing

Construction Disbursing: What is it and why we do what we do.

One of the riskiest issues regarding Title Insurance is the construction disbursing process. If it is not done with due diligence and care it can quickly cause a claim and a real
problem for the owner and the lender. General contractors, sub contractors and material suppliers all have mechanics lien rights against any property they have done any work on,
or supplied any material to during the construction period. These rights extend for 4 months after they were last on the job in order to obtain priority over the construction mortgage, or two years just to secure their rights as future payees upon a later sale of the property.

Since, as you can see by the above, it is possible for a contractor or supplier to file a lien AFTER they have finished their work should they not be paid, it is very important to
have a qualified Title Company handle this process for you, thereby taking the risk away from you in the event of a mechanics lien claim being filed.

Our process is very detailed to protect the owner and the lender from any future issues, as well as being certain that all contractors and suppliers are paid in an efficient manner,
minimizing the potential of claims being pursued.

At Benchmark Title we pay all of the contractors, sub contractors, and suppliers directly, acquiring “Mechanics Lien Waivers” from each when payment is being made. We also conduct a “Later Date” search of the public records to be sure that no liens have been filed against the property between the last payout and this one, as well as we physically go to the property to be certain that the work that is being requested payment for is in fact completed, along with photos of the property to show the work is done. Should any of this show any problems, the owner and lender are advised and payment is delayed until all parties agree to payout based on our findings.

Since we are aware that most contractors and sub contractors may get a discount for prompt payment of their invoices to their material suppliers we make every effort to be sure that all payments are sent out as soon as we receive the funds from the construction lender. We do NOT hold back for any reason as long as the funds are in the form of a bank check from the lender. Our inspections are done and title later dates are completed within a few days of the request and appropriate paperwork submitted to the lender for payout in a timely manner. In the present market we want to be sure to assist you in getting all the benefits available.

This sounds pretty detailed, and it is, but for the protection of the parties to the transaction, this process is well worth the effort.

Any questions can be directed to Benchmark Title at 618-239-3750. Please feel free to call or email:  

John Howe President Doreen Miller, Esq. Vice President and General Counsel

Michelle Null VP Escrow Operations Bethany Bond Marketing Director

Serving you from three convenient locations:

Main Office: 1124 Hartman Lane Shiloh, IL 62221 Ph: 618-239-3750 Escrow Fax: 618-239-3707 Title Fax: 618-239-3757 Fax Orders: 618-310-1589 President: John Howe www.benchmarktitle.net

318 North Main St. Columbia, IL 62236 Ph: 618-281-9700 Fax: 618-281-9705 Manager: Randi Schur 4215 S. State Rte 159 Glen Carbon, IL 62034 Ph: 618-288-1695 Fax: 618-288-1852 Manager: Sara Sowell

Benchmark Title is celebrating our 10 Year Anniversary!!!

With 10 years of the highest quality of service, & the most accurate product in the industry, we would like to say
Thank You for making us successful!!!!

Dates to Remember

August 11th & August 20th - Bring us your new order on these dates and receive 10% off you title premium!!


Did you say free?

Be the first in your office to try out SureClose.com, Benchmark Title's new FREE online transaction management system. Why waste time making status phone calls or standing by the fax waiting for your title commitment when you can get what you need instantly from your own computer. Visit SureClose.com for more information or call April Tolan, our SureClose Specialist, at 618-239-3750 for your sign-on so you can start saving yourself time and money today. We'll even give you and your clients a free CD at closing containing copies of their closing documents.

Why wait?

You can place your next title order now by clicking here.

Need Boxes?

If you need boxes for moving we have them. Come by our office in Shiloh and ask the front desk they can direct you where to go. 

Give me my policy!

Did you know that lenders and home buyers now receive their title policies at the closing table? Contact Michelle Null, VP Escrow Operations, to learn more about this exciting new program.

Ready to refi?

Lenders and homeowners will want to hear about our fantastically low new refinance rates. Contact us today for a quote!

Customer Feedback Line

After your closing please call our customer feedback line at (618)310-1307 ext. 26 and leave your comments. We will send you a token of our appreciation for your time.

We send special notices and tips to customers who have given us their
email address or who have signed up to use SureClose, Benchmark's new
FREE online transaction management system. You may opt out of receiving
these messages at any time.

Our mailing address is:
Benchmark Title Company, LLC 1124 Hartman Lane Shiloh, IL 62221

Our telephone:
618-239-3750

Copyright (C) 2007 Benchmark Title Company, LLC All rights reserved.

Forward this email to a friend.