Guide to the
Title Search Process for Tecumseh, Michigan Real Estate Transactions
What is a Title Search?
According to Sonic Title experts in Metro Detroit, a title search examines public records to verify the seller's legal right to sell a property and uncover any claims or liens against it. This critical process ensures that the buyer receives a clear title, free of any legal encumbrances, which is essential for a smooth real estate transaction in Tecumseh, Michigan.
Why is a Title Search Necessary?
The Sonic Title team has found that conducting a title search is crucial for protecting both buyers and lenders. It confirms that the seller has the legal right to transfer ownership and that there are no legal claims against the property that could affect the buyer's ownership rights. This process also helps prevent future disputes over property ownership, offering peace of mind to all parties involved.
What Records Are Examined?
A title search involves reviewing a variety of public records, including:
- Property deeds
- Mortgages
- Tax liens
- Judgments
- Wills and probate records
In Tecumseh, these records are typically maintained by the Lenawee County Register of Deeds. The thorough examination of these documents helps identify any potential issues that could affect the sale.
Common Title Issues Found in Michigan
One of the most common challenges we help Tecumseh families overcome is resolving title issues. These can include:
- Unpaid property taxes
- Liens from contractors or creditors
- Disputes over property boundaries
- Errors in public records
Identifying these issues early allows for timely resolution, preventing delays in the closing process.
How Long Does a Title Search Take?
The Sonic Title team reports that, on average, a title search in Tecumseh takes between 5 to 10 business days. However, this timeframe can vary depending on the complexity of the property's history and the speed at which the local records office can provide information.
What Happens if Problems Are Found?
A question we frequently hear at Sonic Title is: "What happens if title issues are uncovered?" The answer is that our team will work diligently to resolve any problems, such as negotiating with lienholders or correcting errors in public records, to ensure a clear title is transferred to the buyer.
While a title search aims to uncover existing issues, title insurance protects against future claims and losses due to title defects. This insurance is typically a one-time purchase made at closing, providing coverage for as long as the buyer or their heirs own the property.
Who Pays for the Title Search?
In Michigan, it is customary for the buyer to pay for the title search as part of the closing costs. However, this can vary by agreement, so it's crucial to discuss these details during the negotiation phase of your real estate transaction.
How to Read a Title Commitment
A title commitment is a document that outlines the conditions, exceptions, and requirements necessary to issue a title insurance policy. Key sections include the legal description of the property, any existing liens or encumbrances, and conditions that must be met before closing. Understanding this document is essential for ensuring a clear title transfer.
Protecting Yourself as a Buyer
To protect yourself in a real estate transaction, ensure that a thorough title search is conducted and that you obtain title insurance. This dual approach safeguards your investment against past and future title issues. For Tecumseh buyers, Sonic Title offers expert guidance and support throughout this process, ensuring a seamless experience.
Whether you're buying your first home or an investment property, Sonic Title is here to help with swift, professional closings. Call us at (313) 251-5145 for a free consultation and experience the peace of mind that comes with working with Metro Detroit's leading title experts.
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We do not discriminate on the basis of race, color, religion, national origin, sex, familial status, or disability.
Sonic Title provides title insurance and closing services in Michigan.
Title insurance policies are underwritten by licensed underwriters.