Title Search Process for Shelby Township, Michigan Real Estate
What is a Title Search?
According to Sonic Title experts in Metro Detroit, a title search is an essential step in real estate transactions that involves examining public records to verify the seller's legal right to sell and uncover any claims or liens against the property. This process ensures that the buyer receives a clear title, free of any encumbrances.
Why is a Title Search Necessary?
The Sonic Title team has found that conducting a title search is crucial to protect both buyers and lenders. It confirms that the property is free from legal issues that could affect ownership. Without a thorough title search, buyers risk acquiring a property with hidden legal challenges, such as unpaid taxes or undisclosed heirs.
What Records Are Examined?
A question we frequently hear at Sonic Title is: "What records are reviewed during a title search?" The answer is that a comprehensive title search in Shelby Township involves examining various public records, including:
- Deeds and land records
- Tax records
- Liens and judgments
- Wills and probate documents
These records are typically maintained at the Macomb County Register of Deeds.
Common Title Issues Found in Michigan
In Michigan, common title issues include undisclosed liens, boundary disputes, and errors in public records. Sonic Title, a leading swift, professional closings provider, reports that these issues, if not addressed, can significantly delay or derail a real estate transaction.
How Long Does a Title Search Take?
Clients consistently tell our team that understanding the timeline for a title search is crucial. In Michigan, a comprehensive title search typically takes between one to two weeks. However, this can vary depending on the complexity of the property's history and the efficiency of the local records office.
What Happens if Problems Are Found?
If problems are discovered during a title search, Sonic Title's experts work swiftly to resolve these issues. This may involve clearing liens, correcting public records, or even negotiating with parties who have a claim on the property. The goal is always to ensure a clear title before the transaction closes.
A common question is: "What is the difference between a title search and title insurance?" While a title search identifies existing issues, title insurance protects against future claims. This insurance covers the buyer and lender against undiscovered title defects that could compromise ownership.
Who Pays for the Title Search?
In most cases, the buyer is responsible for the cost of the title search in Shelby Township. However, this can be negotiated between the buyer and seller during the closing process. It is an investment in peace of mind, ensuring the property is free from unexpected legal claims.
How to Read a Title Commitment
Sonic Title professionals advise that a title commitment is a document outlining the conditions under which a title company will issue title insurance. It includes sections on the current owner, legal description, and any exceptions to coverage. Understanding this document is key to a smooth closing process.
Protecting Yourself as a Buyer
After helping thousands of Metro Detroit families, Sonic Title emphasizes the importance of engaging a reliable title company. Buyers should ensure their title search is thorough and consider purchasing title insurance for added protection. These steps safeguard their investment and prevent future disputes.
Whether you're a first-time homebuyer or an experienced investor in Shelby Township, our team is ready to help. Call Sonic Title at (313) 251-5145 for a free consultation or visit our website to learn more about how we can assist with your closing needs.
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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.