MBS Title Agency
Serving the Saginaw Bay Area since 2004
Title Insurance
Title insurance is a type of insurance that protects the lender and the homeowner against any potential title defects or ownership disputes that may arise. The title agency will issue a title insurance policy that provides coverage for any losses or damages that may occur as a result of title issues.
Title Searches
A title search is a process of examining public records to determine the legal ownership and history of a property. The title agency will perform a title search to ensure that the property's title is free and clear of any liens, judgments, or other claims.
Closing & Settlements
The title agency will coordinate and facilitate the closing and settlement process for a real estate transaction. This may involve preparing and reviewing documents, conducting the closing, disbursing funds, and recording the transaction with the appropriate government agencies.
Meet the Team
Frequently Asked Questions
What Is Title Insurance and Why Do I Need It?
Title insurance protects you from financial loss due to issues with a property’s ownership history, such as liens, errors, or undisclosed heirs. It ensures that your ownership rights are secure and helps cover legal costs if a title dispute arises.
What Happens at a Real Estate Closing?
A real estate closing is the final step in the transaction where all documents are signed, funds are transferred, and ownership of the property is officially recorded. The title company coordinates the process to ensure everything is accurate, legal, and completed smoothly.
What’s the Difference Between an Owner’s Policy and a Lender’s Policy?
An owner’s policy protects the buyer’s ownership rights for as long as they own the property, while a lender’s policy protects the mortgage lender’s financial interest in the property. The lender’s policy is typically required for financing, but it does not protect the homeowner.
How Does the Title Search Process Work?
A title search involves reviewing public records to verify the property’s ownership history and identify any liens, claims, or legal issues. This process ensures the title is clear before closing and helps prevent future ownership disputes.
Can You Buy a Home Without Title Insurance?
Yes, you can buy a home without title insurance, but it’s not recommended due to the risk of undiscovered title issues. Without it, you could be responsible for legal costs or financial losses if ownership disputes arise later.
