Buying a home for the first time can be incredibly exciting, but the process can also be overwhelming. Don’t let important details slip through the cracks due to stress or inexperience. Read on to find out why every buyer should enlist the help of Title Search Services in Onsted MI before signing on the bottom line.
Errors in Public Records
Even a small mistake could wind up causing buyers serious financial problems further down the road. If, for instance, a prior mortgage was paid off but no record of it was filed, it could wind up costing the home’s new owner a small fortune to get that mortgage lien satisfied, and that’s not even a worst-case scenario. Some public records errors can leave buyers at risk of losing their homes.
Unrecorded Liens
Not every homeowner is fastidious about bookkeeping or about paying bills, so it’s important for buyers to make sure there are no unrecorded liens on prospective properties before they buy. Unpaid mortgages or even old tax bills can wind up being transferred to the home’s new owner, leaving unsuspecting buyers with a pile of new debt.
Illegal Deeds
Not all issues with deeds are intentionally malicious. Sometimes, the chain of title on a property might affect the enforceability of prior deeds without the owner even realizing it. By enlisting the help of Title Search Services in Onsted MI, buyers can make sure all of their bases are covered and there aren’t any former spouses or other partial prior owners lurking in the shadows waiting to pounce.
Missing Heirs
When a homeowner dies, his or her home will usually come into the hands of one or more heirs as they are named in the will. If these heirs are missing at the homeowner’s time of death, ownership of the home can wind up becoming somewhat convoluted when they show up later down the line.
Get Started Today
Planning to buy but want to make sure all the most important bases are covered? Visit us online to find out more about title searches, title insurance, and other forms of protection for home buyers today.