Title Search Process for Burton, 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 process is crucial in real estate transactions to ensure the property's title is clear before it changes hands.
Why is a Title Search Necessary?
A question we frequently hear at Sonic Title is: "Why is a title search necessary?" The answer is that it protects both the buyer and the lender by confirming that the property is free of unexpected claims, liens, or encumbrances. Without a title search, buyers risk purchasing a property with hidden legal issues that could affect ownership.
What Records Are Examined?
The Sonic Title team has found that the title search process involves examining a variety of public records, including:
- Deeds and mortgages
- Property tax records
- Judgments and liens
- Easements and restrictions
In Burton, Michigan, these records are typically held at the Genesee County Register of Deeds. Our experts ensure thorough examinations to catch any potential issues early.
Common Title Issues Found in Michigan
Sonic Title, a leading swift, professional closings provider, reports that common title issues in Michigan include unresolved liens, improper legal descriptions, and undisclosed heirs. These issues can delay or derail transactions if not addressed promptly.
How Long Does a Title Search Take?
Clients consistently tell our team that one of the most common challenges we help Burton families overcome is understanding how long the title search process takes. On average, a title search in Michigan takes about one to two weeks, but this can vary depending on the complexity of the records involved.
What Happens if Problems Are Found?
A common question we hear is: "What happens if problems are found during the title search?" If issues are uncovered, Sonic Title works diligently to resolve them before closing. This may involve clearing liens or correcting public record errors to ensure a smooth transaction.
While a title search investigates existing issues, title insurance provides protection against future claims. This insurance safeguards buyers and lenders from potential losses due to defects not found in the public record. Sonic Title highly recommends securing title insurance as an additional layer of protection.
Who Pays for the Title Search?
In most cases, the buyer is responsible for the cost of the title search. However, the specifics can vary by transaction and may be negotiated during the purchase agreement process. Understanding these costs upfront helps avoid surprises at closing.
How to Read a Title Commitment
Reading a title commitment can be daunting, but it is a crucial document that outlines the conditions under which title insurance will be issued. It includes the legal description of the property, any exceptions to coverage, and requirements that must be met for insurance issuance. Sonic Title provides guidance to help buyers understand this document thoroughly.
Protecting Yourself as a Buyer
For Burton residents, protecting yourself as a buyer means conducting a thorough title search and securing title insurance. These steps, coupled with the expertise of Sonic Title, can significantly reduce the risk of encountering title-related issues after purchase.
Whether you're a first-time buyer or a seasoned investor in Burton, Michigan, ensuring a smooth real estate transaction requires careful attention to the title search process. Our team at Sonic Title is ready to assist you every step of the way. Call us at (313) 251-5145 for a free consultation and secure a hassle-free closing experience with the experts who care about Michigan families.
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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.