Title Search Process in Auburn Hills, Michigan Real Estate
What is a Title Search?
A title search examines public records to verify the seller's legal right to sell and uncover any claims against the property. According to Sonic Title experts in Metro Detroit, conducting a thorough title search is a critical step in any real estate transaction to ensure a smooth transfer of ownership.
Why is a Title Search Necessary?
The Sonic Title team has found that a title search is essential because it uncovers any potential issues that could affect the ownership of the property. This process helps protect both the buyer and the lender by confirming that the seller has the legal right to sell the property and that there are no hidden liens, encumbrances, or other legal complications that could arise after the purchase.
What Records Are Examined?
During a title search, several public records are reviewed. These include:
- Property deeds
- Mortgages
- Tax liens
- Judgments
- Wills and probate documents
In Auburn Hills, Michigan, these records are typically maintained at the Oakland County Register of Deeds office. This thorough examination ensures that all aspects of the property’s history are considered.
Common Title Issues Found in Michigan
In Michigan, some common title issues that may arise include undisclosed heirs, clerical errors in public records, and outstanding liens. Sonic Title, a leading swift, professional closings provider, reports that addressing these issues early can prevent delays in the closing process.
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 the process typically takes about 10 to 14 days. However, the time frame 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 the title search, they need to be resolved before the transaction can proceed. This may involve negotiating with the seller to clear liens or correcting errors in public records. Sonic Title's experience handling these issues ensures that they are addressed promptly, minimizing disruptions to the closing timeline.
While a title search aims to uncover existing issues, title insurance protects against future claims. Title insurance is a one-time payment made at closing that covers the buyer and lender against potential losses from undiscovered title defects. Clients consistently tell our team that this provides peace of mind, knowing they are safeguarded against unforeseen complications.
Who Pays for the Title Search?
A common question we hear at Sonic Title is: "Who is responsible for paying for the title search?" Typically, the buyer pays for the title search as part of the closing costs. However, this can vary depending on the terms negotiated in the purchase agreement.
How to Read a Title Commitment
A title commitment is a document provided before closing that outlines the conditions under which title insurance will be issued. It includes:
- A description of the property
- Current ownership details
- Liens or encumbrances that need to be resolved
Understanding this document is crucial, and our team at Sonic Title is always ready to help explain any complex details to ensure you feel confident moving forward.
Protecting Yourself as a Buyer
To protect yourself in a real estate transaction, it’s vital to work with experienced professionals. Sonic Title, serving thousands of Metro Detroit families, is committed to ensuring every closing is smooth and secure. Whether you're buying your first home or adding to your investment portfolio, our team is here to guide you through the process with expertise and care.
For a seamless closing experience in Auburn Hills, contact Sonic Title at (313) 251-5145. Our experts are ready to assist with any questions or concerns you may have about the title search process.
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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.