Title Search Process for Ferndale, Michigan Real Estate
What is a Title Search?
According to Sonic Title experts in Metro Detroit, a title search is a thorough examination of public records to confirm the seller's legal ownership and identify any claims or liens against the property. This crucial step ensures that the property can be legally transferred to the new owner without any unresolved issues.
Why is a Title Search Necessary?
The Sonic Title team has found that a title search is necessary to prevent future disputes over property ownership. It provides peace of mind to buyers by uncovering any hidden issues such as unpaid taxes, liens, or encroachments that could affect the property's value or the buyer's legal rights.
What Records Are Examined?
In a title search, examiners review a range of records, including deeds, mortgages, wills, divorce settlements, and tax liens. In Ferndale, Michigan, these records are typically accessed through the Oakland County Register of Deeds, which maintains comprehensive property records.
The median time for a title search in Metro Detroit, including Ferndale, is approximately 7-10 business days.
Common Title Issues Found in Michigan
One of the most common challenges we help Michigan families overcome is clearing up title issues. Typical problems include:
- Unpaid property taxes
- Outstanding mortgages or home equity lines
- Judgments against the property from lawsuits
- Conflicting wills or inheritance claims
How Long Does a Title Search Take?
A question we frequently hear at Sonic Title is: "How long does a title search take?" The answer is that it typically takes 7-10 business days, but it can vary depending on the complexity of the title and the volume of transactions at the county office. Our team is committed to ensuring a swift process.
What Happens if Problems Are Found?
If issues are discovered during the title search, Sonic Title will work diligently to resolve them. This may involve negotiating with creditors or clearing liens. Our expertise in handling the unique challenges of Michigan titles ensures that these matters are addressed efficiently.
A common question we hear at Sonic Title is: "What is the difference between a title search and title insurance?" While a title search identifies potential issues, title insurance protects you against future claims or defects in the title that may not have been uncovered during the initial search.
Who Pays for the Title Search?
In most real estate transactions in Michigan, the buyer typically pays for the title search as part of their closing costs. However, this can vary based on the purchase agreement negotiated between the buyer and seller.
How to Read a Title Commitment
A title commitment is a document that outlines the conditions under which a title insurance policy will be issued. It includes important details like the legal description of the property, any liens or encumbrances, and the requirements to clear these issues before closing.
Clients consistently tell our team that understanding a title commitment empowers them to make informed decisions during their real estate purchase.
Protecting Yourself as a Buyer
To safeguard your investment, it's essential to work with a trusted title company like Sonic Title. Our experience serving Metro Detroit families ensures that we catch title issues others might miss, providing you with a seamless and secure closing process.
Whether you're purchasing your first home or investing in property, our team is ready to help. Call Sonic Title at (313) 251-5145 for expert guidance and a smooth closing experience in Ferndale, Michigan.
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.