Title company Clinton Township MI simplifies the process of buying property by conducting searches on the deed. This makes property transfer safe, accurate and efficient. They are professionals with experience in handling such complex transactions for individuals, institutions and businesses. This process includes intensive search from the real estate records of the county. The search is meant to establish the legal position of your target property.
The information the land search seeks to establish is crucial if you are to obtain a legitimate piece of land. You will know who the owner is and if there is a judgment, lien or mortgage attached. This search will also reveal whether the owner has been paying taxes on the land. Any easements, restrictions or leases that affect future ownership will be revealed. A report is given to enable you decide on whether you want to buy the land or not.
A complete search is followed by the issuance of an opinion letter about the legal and physical status of the said property. It is followed by processing of insurance which is aimed at protecting land owners or lenders from law suits. The same company can offer closure services that are funded through their escrow account. They are authorized to close it on your behalf when they find all original and valid documents. The land authorities can now release new documents in the name of the new owner.
The legitimacy of the title is determined by the company on behalf of the lender or the buyer. The buyer proceeds with purchase in the knowledge that the transaction is legitimate. The property is ready for transfer and will change ownership without hitches. This allows him to claim immediate ownership.
Survey forms part of the items done by the search firm. The surveyor will establish the real boundaries and cross check them with those provided in records. The survey also reveals whether anybody has encroached from any side. Easements in the area that are likely to limit or affect future use are established.
The abstract issued after a search includes details on the history of that piece of land. Insurance cover comes in two forms. One is meant to cover the lender and the other to cover the owner. Different counties have different requirements on who pays for the insurance. It is either the buyer or the seller depending on the location of the property. It is however crucial to ensure that you have this insurance to remain safe in case of a lawsuit.
Enjoying peace of mind after purchasing a property depends on the experience and expertise of your chosen firm. It is prudent to get a referral from a reliable person like a friend, estate agent or your lending institution. Firms that have dealt with such cases for some time understand the market and will give you value. They understand property procedures in the area and will deliver quality services.
A reliable title company Clinton Township MI will charge reasonable fees depending on the property or the size of the loan. The process is simplified if there are no attachments or any restrictions on you land. This makes it easy, affordable and straightforward.
The information the land search seeks to establish is crucial if you are to obtain a legitimate piece of land. You will know who the owner is and if there is a judgment, lien or mortgage attached. This search will also reveal whether the owner has been paying taxes on the land. Any easements, restrictions or leases that affect future ownership will be revealed. A report is given to enable you decide on whether you want to buy the land or not.
A complete search is followed by the issuance of an opinion letter about the legal and physical status of the said property. It is followed by processing of insurance which is aimed at protecting land owners or lenders from law suits. The same company can offer closure services that are funded through their escrow account. They are authorized to close it on your behalf when they find all original and valid documents. The land authorities can now release new documents in the name of the new owner.
The legitimacy of the title is determined by the company on behalf of the lender or the buyer. The buyer proceeds with purchase in the knowledge that the transaction is legitimate. The property is ready for transfer and will change ownership without hitches. This allows him to claim immediate ownership.
Survey forms part of the items done by the search firm. The surveyor will establish the real boundaries and cross check them with those provided in records. The survey also reveals whether anybody has encroached from any side. Easements in the area that are likely to limit or affect future use are established.
The abstract issued after a search includes details on the history of that piece of land. Insurance cover comes in two forms. One is meant to cover the lender and the other to cover the owner. Different counties have different requirements on who pays for the insurance. It is either the buyer or the seller depending on the location of the property. It is however crucial to ensure that you have this insurance to remain safe in case of a lawsuit.
Enjoying peace of mind after purchasing a property depends on the experience and expertise of your chosen firm. It is prudent to get a referral from a reliable person like a friend, estate agent or your lending institution. Firms that have dealt with such cases for some time understand the market and will give you value. They understand property procedures in the area and will deliver quality services.
A reliable title company Clinton Township MI will charge reasonable fees depending on the property or the size of the loan. The process is simplified if there are no attachments or any restrictions on you land. This makes it easy, affordable and straightforward.
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