Quality Title Company Services in Livingston County MI
Title One - The #1 Title Company Services For Your Next Real Estate Transaction
Buying or selling a property can be frustrating and complicated, so it's crucial that you find the right title company to help! An organized and experienced title company can help facilitate a smooth and efficient closing process, helping you avoid the delays and hassles that often come with real estate transactions.
Investing in real estate can be nerve-wracking. There are a lot of problems that can arise, and any one of them could make the difference between a rewarding investment and a never-ending stream of hassles and unexpected costs. We can help minimize those risks and give you the confidence you need to feel good about buying or selling your property.
We're committed to helping you throughout the entire transaction process - from the minute you contact us until you close!
Title & Tax Services for Livingston County MI Residents
At Title One, Inc. we are committed to providing our clients with an array of services for all of your title and closing fees. Our staff is experienced with most of us having over 20 years in the industry! The process of buying a home or refinancing a mortgage may seem complicated, but our team has done thousands of transaction a year and has the know-how to make your next transaction as seamless as possible.
Title Insurance Process
A search of the public records is the first step of the title insurance process. It begins with a thorough examination of all documentation that pertains to a specific piece of property in order to evaluate the condition of the title. These documents typically include past deeds, court records, name indexes, tax rolls as well as other documentation. Our search will reveal any defects or burdens on the property, including liens, easements, taxes and special assessments.
Our title examiners will then put a title commitment together once the search is completed. Our commitment also lists all of the "exceptions" to a title, such as easements and building restrictions.
Real Estate Closing Services
Once the title commitment is complete we are able to start the closing procedure. We work closely with your lender and realtor (if applicable) to gather all of the necessary documents and numbers for closing. Prior to closing, we put out a package containing the documents necessary to transfer title and the funds necessary to do so. At the time of closing, our friendly staff will walk you through the process and get you into your new home.
Frequently Asked Questions
Why buy title insurance?
Title insurance is necessary to protect the most important investment you'll ever make - your home. Since land is permanent and can have many owners over time, others may have acquired various rights in the land, such as utility rights, before you come into possession of it. In order to transfer a clean title to a parcel of land, it is first necessary to determine whether any rights are outstanding.
What danger of loss can you face?
If a lender has title insurance and you don't, what possible dangers can you face? As an example, let's say you bought a house for $120,000. You've made a $20,000 down payment, and your lender holds a $100,000 mortgage lien or beneficial interest. Your lender has title insurance coverage protecting his interest up to $100,000. The loan policy protects the lender against loss due to unknown title defects. The loan policy protects the lender's interest, it does not protect you. That is why you need an owner's policy, which can be issued at the same time as the loan policy for a nominal one-time fee.
If the builder of my home already has a policy on the property, why do I need it again when I purchase the land from him/her?
A title policy insuring the builder does not protect you. Also, many things could have happened to the land since the builder's policy was issued. Liens, judgments and unpaid taxes for which prior owners were responsible may be disclosed after you purchase the property - causing you aggravation and costing you money.
Get help from Livingston County MI 's top team of real estate closing and title insurance experts today - contact Title One, Inc. to speak to a member of our staff.