What to Expect During a Title Search (and Why Cislo Title Has You Covered)
When buying or selling property, having reliable title insurance is crucial for protecting your investment. However, unexpected issues can pop up during a title search, causing delays—or even stopping a transaction. Here’s a look at some common title issues, the importance of title insurance, and why choosing Cislo Title, a trusted local company with over 30 years of experience, makes all the difference in Michigan real estate.
Common Issues That Can Delay a Transaction
A title search reviews public records to verify ownership and spot any claims on the property. Here are a few issues that can create delays:
- Outstanding Liens: Unpaid debts, like taxes or a previous mortgage, can appear as liens on a property. These need to be cleared up before the sale can go through.
- Easements and Encroachments: Easements allow someone else to use part of the property (like for utility access), and encroachments happen when a neighbor’s driveway or structure extends onto the lot. These can affect the buyer’s plans for the property.
- Undisclosed Heirs: In some cases, an unknown property heir may come forward, claiming ownership. This can happen if a previous owner passes away without a clear will.
- Clerical Errors: Simple record errors, like misspelled names or incorrect property descriptions, can confuse and need correction to ensure a clean title.
- Fraudulent or Illegal Deeds: Occasionally, deeds were improperly transferred, or fraudulent documents entered the records. A title search uncovers these issues, preventing legal headaches later on.
Why Title Insurance is Important
Title insurance protects buyers and lenders from these issues, providing coverage if a problem arises after closing. Title insurance is a one-time purchase, and it ensures that if there’s a claim against your property, you may not have to pay for legal costs or potential losses out of pocket.
The Benefits of Choosing a Local, Reputable Title Company
With over 30 years of experience, Cislo Title specializes in Michigan residential and commercial title insurance, ensuring your transaction is as smooth as possible.
- Local Knowledge: Cislo Title understands Michigan’s regulations and unique real estate landscape, ensuring title searches and escrow processes meet state requirements.
- Personalized Service: Our local team offers personalized attention and has a strong reputation for trust and reliability within the Michigan community.
- In-House Escrow Services: Our escrow services streamline the process, providing a secure, neutral third party to handle funds and documents until closing.
Protect Your Investment with Cislo Title
With Cislo Title, you get more than just title insurance—you gain a committed partner for your real estate journey. From title searches to escrow, we’re here to ensure your transaction is smooth and secure.
Ready to protect your investment? Contact Cislo Title today for trusted title and escrow services across Michigan!
