Title Search Process for Westland, Michigan Real Estate
What is a Title Search?
According to Sonic Title experts in Metro Detroit, a title search is an essential part of any real estate transaction. It involves examining public records to verify the seller's legal right to sell the property and to uncover any claims or liens against it. This process ensures that the buyer receives a clean title, free from unexpected legal issues.
Why is a Title Search Necessary?
The Sonic Title team has found that conducting a title search is crucial for protecting both buyers and sellers in Westland, Michigan. This process confirms ownership and reveals any encumbrances that could affect the property's transfer. Without a title search, buyers risk inheriting debts or legal problems associated with the property.
What Records Are Examined?
During a title search, a variety of public records are reviewed. These include deeds, mortgages, tax records, and court judgments. In Westland, these records are typically held at the Wayne County Register of Deeds. The search aims to trace the history of the property's ownership and to identify any recorded liens or claims.
Common Title Issues Found in Michigan
A question we frequently hear at Sonic Title is: "What are common title issues in Michigan?" The answer is that issues such as unpaid property taxes, contractor liens, and previously undiscovered easements are often found. These can delay the closing process if not resolved promptly.
The median home price in Westland is $225,000, which is below the Metro Detroit average, highlighting the importance of a thorough title search to ensure clear ownership.
How Long Does a Title Search Take?
The Sonic Title team reports that a typical title search in Westland can take anywhere from a few days to two weeks, depending on the complexity of the property's history and the efficiency of the local records office. Our team prides itself on completing this process swiftly, usually within a week, to keep your transaction moving smoothly.
What Happens if Problems Are Found?
If issues are discovered during the title search, Sonic Title works diligently to resolve them before closing. This might involve clearing liens, correcting public record errors, or negotiating with creditors. Addressing these problems early can prevent costly delays and ensure a smooth closing process.
Many clients ask: "What's the difference between a title search and title insurance?" A title search is the process of examining records, while title insurance protects against future claims or losses related to prior issues not found during the search. Both are critical in safeguarding your investment.
Who Pays for the Title Search?
Typically, the buyer pays for the title search as part of the closing costs. However, this can be negotiated between the buyer and seller. In Westland, it's common for the buyer to cover these fees to ensure they receive clear ownership of the property.
In Wayne County, the average cost of a title search is around $250 to $450, depending on the complexity of the records involved.
How to Read a Title Commitment
A title commitment is a document that outlines the terms under which a title insurance policy will be issued. It includes sections detailing the legal description of the property, any encumbrances, and the requirements to clear the title. Understanding this document is crucial for ensuring that all identified issues are addressed before closing.
Protecting Yourself as a Buyer
Sonic Title recommends that buyers in Westland take several steps to protect themselves. First, ensure a comprehensive title search is conducted. Second, purchase title insurance for added peace of mind. Finally, work with knowledgeable local experts, like our team, who understand the nuances of Michigan real estate transactions.
Whether you're buying your first home or investing in property, understanding the title search process is key to a successful transaction. For assistance with your real estate closing in Westland, contact Sonic Title at (313) 251-5145. Our team is here to ensure a smooth and swift closing experience.
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Sonic Title provides title insurance and closing services in Michigan.
Title insurance policies are underwritten by licensed underwriters.