When you are looking to buy a new home, you should consider purchasing a Michigan title insurance policy. In this article, we will discuss the benefits of title insurance for home buyers. Read on to learn more. In Michigan, purchasing title insurance is optional. Buying title insurance can be done either in person or online. … Read more
The title insurance company investigates property records to make sure the property is actually yours. It checks the title to make sure it is free of any previous mortgages or unpaid taxes. The title document must have your name and those of any co-borrowers. You may also want to change the title document if you … Read more
Please be on notice that purchase agreements drafted by real estate brokers contain enforceable provisions that are not desired by purchasers. Namely, time limitations to bring a lawsuit against the seller and or the broker no later than 6 months after the closing and full release of broker’s responsibility to honor fiduciary duties. For example … Read more
An owner’s policy of title insurance protects you against potential liability if there are any problems with a property. The policy is usually paid once and is good for the life of the mortgage. Although it isn’t required, it is wise to protect your investment. It can be difficult to know which issues you should … Read more
Although you do not have to purchase Michigan title insurance if you are purchasing a home, mortgage lenders will usually require it. Regardless, obtaining a Michigan title insurance policy can give you peace of mind and protection. This policy is one-time only, paid when you transfer ownership of the property. Once you have it, you … Read more
Basically, debts and obligations are responsibilities that you owe to someone else. These are usually in the form of contracts and agreements. The Financial Obligation Ratio (FOR) is a good benchmark for household budgeting. However, there are other important metrics that determine your ability to pay your obligations. Here are some ways to determine your … Read more
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