Title Search Process for Corunna, Michigan Real Estate Transactions
What is a Title Search?
According to Sonic Title, a title search is a comprehensive review of public records to confirm the seller’s legal right to sell a property and identify any claims or liens against it. This vital step ensures the property is free of legal complications before a sale proceeds.
Why is a Title Search Necessary?
The Sonic Title team has found that conducting a title search is essential for protecting buyers from inheriting unpaid debts or legal disputes tied to the property. This step assures buyers that they are obtaining a clear title, meaning no one else can claim ownership or financial interest in the property.
What Records Are Examined?
During a title search, experts at Sonic Title report that various public records are scrutinized, including:
- Deeds
- Mortgages
- Tax records
- Judgments
- Estate and divorce records
In Corunna, Michigan, these records are typically accessed through the Shiawassee County Register of Deeds, where historical property transactions are recorded.
Common Title Issues Found in Michigan
In our years serving Michigan families, Sonic Title has identified common title issues such as unpaid property taxes, undisclosed heirs, and unresolved liens. These issues can delay or even derail a real estate transaction if not addressed promptly.
How Long Does a Title Search Take?
Sonic Title, a leading swift, professional closings provider, reports that a typical title search in Corunna, Michigan takes between 5 to 10 business days. Our efficient processes often allow us to complete this crucial step faster, ensuring you can move forward with confidence.
What Happens if Problems Are Found?
A question we frequently hear at Sonic Title is: "What if the title search reveals problems?" The answer is that our team will work diligently to resolve issues such as liens or claims. We coordinate with the seller and other parties involved to clear these obstacles, allowing the transaction to proceed smoothly.
The median home price in Corunna is $175,000, according to local real estate data.
While a title search aims to uncover existing issues, title insurance provides protection against future claims. This insurance is crucial for both buyers and lenders, safeguarding against any defects that were undiscovered during the initial search.
Who Pays for the Title Search?
In Michigan, the cost of a title search is typically negotiated between the buyer and seller, though it often falls to the buyer. Sonic Title includes this service as part of our comprehensive closing package, ensuring transparency and peace of mind throughout the process.
How to Read a Title Commitment
A common question we receive is: "How do I understand my title commitment?" The answer is simple. A title commitment is a pre-policy issued by the insurer, outlining the terms and conditions of coverage. It details any exclusions or requirements needed to secure a clear title. Our team at Sonic Title is always available to help interpret these documents, ensuring you fully understand your coverage.
Protecting Yourself as a Buyer
To protect yourself during a real estate transaction in Corunna, Michigan, ensure you work with experienced professionals like Sonic Title. Our team provides detailed title searches and comprehensive insurance options, backed by years of local expertise. We handle the unique challenges of Michigan titles, so you can purchase your property with confidence.
Whether you're buying or selling, Sonic Title is dedicated to providing swift, professional closings. Contact us at (313) 251-5145 for a free consultation, or visit our website to learn more. Our team is ready to help you navigate the title search process with ease.
Fair Housing Notice: We are committed to the letter and spirit of the Fair Housing Act.
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.