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Mid-American Title keeps you up to date with the latest news and trends in the industry.
Effective April 7, 2017 Dower Rights will no longer effect real estate in Michigan. What is a Dower Right? Dower rights have historically allowed a widow to use her deceased husband’s real property during her lifetime. The justification for these dower rights dates back to when a woman was unable to own property. Essential [...]
If you have been paying attention to the national, or local industry news you would have seen that fraud is on the rise; primarily Wire Fraud. This process is usually done by either spoofing, or breaking into an agents/sellers e-mail and sending out updated wire instructions on the day of closing. Another common attack [...]
Last year we posted an article about tiny houses in the Acme Township area. The movement does not seem to have slowed down. You’ve heard about the “tiny house” movement. Now there are small signs of a growing interest locally in 200-500 square foot structures that can serve as cabins, writers and artists studios, summer [...]
Buying a home is a huge investment—and you can’t exactly read Amazon reviews to get a sense of any problems that might crop up after you’ve plunked down your money. That’s why it’s smart to get a home inspection before you close the deal. But since home inspections aren’t free and that cash comes out of your pocket, you might be [...]
The 64-day countdown begins now on the comment period for the proposed updates to the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule. And there are plenty of areas to weigh in on. Besides the rule being open for comment in general, there are more [...]
Buying a house can involve big and scary terms, and “escrow” ranks near the top. So what is escrow, anyway? The good news is that escrow is not as ominous as it sounds. In the home-buying process, escrow is a financial tool that allows you to set aside important items such as the buyer’s earnest money check and [...]
The State of Michigan has revamped its procedures relative to the processing of Affidavits of Affixture for mobile homes being sold along with land. The State will no longer accept and process an Affidavit of Affixture submitted post-closing which was executed by a Seller at the closing table. The State has taken the position that at closing the [...]
We have posted a few blogs about Traverse City's tall building debate.(River West , TC vs. Tall Buildings) It seems as though the issue is still raging on, become a ballot proposal to be voted on this fall. Traverse City commissioners voted Monday to approve resolutions placing a proposed charter amendment on the November 8 [...]
If you’ve recently purchased a home, a scam may try to trick you out of more than $80. Whenever you purchase real property or even refinance it, that transaction becomes part of the public record. Documents conveying interests in real property transactions are recorded after closing at the appropriate County Register of Deeds office. [...]
Estate division can be trying — emotions run high, and liquidating and dividing assets involves a lot of legwork. We outline options for asset distribution and highlight the ease of selling a note for cash that’s easy to divide. Understanding the Estate Process Dealing with paperwork after losing someone you love can be intensely [...]
