When Should I Start Title Work?

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Title Work

Why Do I Need a Title Company?

A title company is more than just a place to close your property. The role of a title company is to verify that the title to the real estate is legitimately given to the home buyer. Each state has specific laws and regulations when it comes to how your property is closed and who is part of the process. You will want to call a local title company or real estate lawyer to find out specifics in your state.

When Should I Start Title Work?

The question of when to order title work is an easy one:

As soon as you decide to sell.

What to Expect During the Title Process

In the real estate industry, there are many moving pieces involved in every transaction.  plenty of paperwork,  many hands touching things associated with your property from the title company to the mortgage company to other city and state agencies. Mistakes will happen and these mistakes can cause delays or cause deals to fall apart.

Your title report is like the credit report for your property. You want it as clean as possible and only things you know and have permitted attached to it. CLEAN and MARKETABLE TITLE can save you time and make your home sale smooth and easy.

Common things to look for when you get your title ordered

  • Liens  if you have taken a mortgage or other financing on the property

  • Liens – are there any liens you do not recognize

  • Taxes – are there any past due taxes owed

  • If you have paid taxes, you can just provide proof to title company to clear this

  • Ownership – If the title is in the seller’s name

Closing

If there are errors on the closing package you will need to work with the title company in order to clear the title error.

Sometimes you will bring in the previous title company (whom you used to purchase originally) for flags that should have been cleared before.

If there are issues to clear, the title company will be able to guide you as to what is needed to clean up the issues.

The title company knows their business, so take their advice. Lawyers can be expensive, but a good team can help guide you, and save you money.

 

List Your Property

Service Coverage

Joseph Walter Realty

 

If you have a question about buying or selling your home, please reach out to Joseph Walter Realty at 248-294-7849 or via email: info@josephwalterrealty.com 

 

Thank you,

Scott Fader and Gary Brincat
Joseph Walter Realty

Joseph Walter Realty is a veteran owned company located in Michigan. Scott Fader and Gary Brincat are two of Michigan’s multi-million-dollar top producers. They have been working in real estate as brokers, Realtors, investors, property managers and real estate company owners for over 20 years. Together they would like to share their experiences, knowledge, success and failures to help buyers, sellers, Realtors, brokers and anyone else in the real estate and business, so that together we can grow as a community.

When Should I Start Title Work?

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