Title Insurance

What is Title Insurance? Title insurance insures the property being sold or refinanced. Title companies do a "Search" meaning they research the background or "Chain of title" on a property. This verifies who the owners are and if there are any outstanding liens or taxes due.

As the seller, you have an obligation (and typically pay for) title insurance for your purchaser. This is done by ordering title, meaning you order from a company. The title company researches the history of your property (chain of title) and prints a report.

You pay for the "Title Policy" out of your proceeds at closing.

Typically, title is ordered when you get an offer on your home as there is no sense ordering it before that. It only takes a few days to order it and get it back. We can order it for you when you get an offer. NOTE: If your buyer comes from a Realtor, do not expect the buyers agent to order title, it is your responsibility and part of your job as seller to take care of this.

Title company fees: Fees are a set rate per thousand and regulated by Michigan Law. Closing fees vary though. One company we've found that has competitive fees and is one of the nations largest is Liberty Title. Liberty will order your title for you and close, anywhere in the state.

See them here.