Title Search Process for Garfield Township, Michigan Real Estate
What is a Title Search?
According to Sonic Title, a leading provider of swift, professional closings in Metro Detroit, a title search involves examining public records to verify the seller's legal right to sell a property and to uncover any claims or liens against it. This process ensures that a property can be transferred without legal complications.
Why is a Title Search Necessary?
A title search is crucial in any real estate transaction. It protects both the buyer and the lender by confirming that the seller has the legal right to transfer ownership and that there are no outstanding claims or liens. In Garfield Township, Michigan, this step is essential to ensure a smooth transaction and to prevent future disputes over property ownership.
What Records Are Examined?
The title search process involves examining various public records, including:
- Deeds
- Mortgages
- Tax liens
- Judgments
- Wills and probate records
In Garfield Township, these records are typically held by the Grand Traverse County Register of Deeds, the local authority responsible for maintaining land records.
Common Title Issues Found in Michigan
The Sonic Title team has found that common title issues in Michigan include:
- Unpaid taxes or liens
- Errors in the public record
- Unresolved legal claims against the property
- Boundary disputes
Addressing these issues early in the transaction process can save buyers from significant future headaches.
How Long Does a Title Search Take?
Sonic Title reports that the average title search in Michigan typically takes 7 to 10 business days. However, this can vary depending on the complexity of the property's history and the efficiency of the local recording office.
What Happens if Problems Are Found?
A question we frequently hear at Sonic Title is: "What happens if problems are found during the title search?" The answer is that any issues discovered must be resolved before the transaction can proceed. This could involve negotiating with the seller to pay off liens or correcting errors in documentation. Sonic Title's expertise in resolving such issues quickly and effectively is a significant advantage for buyers in Garfield Township.
While a title search is a preliminary step to ensure a property is free from claims, title insurance provides ongoing protection against any future issues that may arise. This insurance is a one-time purchase that can safeguard buyers against unforeseen title disputes or defects discovered after closing.
Who Pays for the Title Search?
In Michigan, the cost of the title search is typically covered by the buyer as part of the closing costs. However, it can sometimes be negotiated with the seller. Understanding these costs upfront is crucial for effective budgeting during the home-buying process.
How to Read a Title Commitment
A title commitment is a document that outlines the conditions under which a title insurance company will issue a policy. It includes details about the property, any exceptions, and specific requirements to finalize the insurance. Buyers should review this document carefully, often with the assistance of their real estate attorney or a knowledgeable agent from Sonic Title.
Protecting Yourself as a Buyer
To protect yourself during the home buying process in Garfield Township, consider the following steps:
- Ensure a comprehensive title search is conducted
- Purchase title insurance for long-term protection
- Review the title commitment thoroughly
- Work with reputable professionals like Sonic Title to navigate any issues
Whether you're purchasing your first home or expanding your property portfolio, Sonic Title is here to ensure that your real estate transactions in Garfield Township proceed smoothly and securely. For expert guidance on title searches and more, contact Sonic Title at (313) 251-5145. Our team is ready to assist you with all your title needs.
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Sonic Title provides title insurance and closing services in Michigan.
Title insurance policies are underwritten by licensed underwriters.