Question 1

What is meant by "title"?

Accepted Answer

"Title" equates to legal ownership of property. It legitimates your right to "peaceful enjoyment" of the property you own, within restrictions or limitations of use imposed by government authorities. A "clear title" means ownership is without blemish, while a "cloud on title" indicates that some inconsistency exists which may blemish ownership if not corrected. A "defect in title" is indicative of an encumbrance or a more severe problem needing remedy, and a "failure of title" demonstrates failure to convey ownership from one owner to the next.

Question 2

How does title pass from one owner to another?

Accepted Answer

Legal title typically passes from one owner to another through a written instrument called a deed. The person conveying ownership is called a "grantor," while the person to whom ownership is conveyed is called the "grantee." The deed must be delivered by the grantor and accepted by the grantee. A deed does not have to be dated, notarized, recorded, or have any consideration to be valid, but it must be notarized before it can be recorded in court.

Question 3

What is meant by "chain of title"?

Accepted Answer

The "chain of title" refers to the chain of ownership created by repeated buying and selling of the same property. Each time a property is sold and purchased, the new ownership is recorded in county courts for public records. Over time, a chain of ownership results from such repeated change of hands.

Question 4

What is title insurance?

Accepted Answer

Title insurance is an insurance policy issued by an insurer that protects the policyholder against any defects in the title to a particular piece of real property. It guarantees the validity of the title and the accuracy of the public records, providing coverage against any potential issues that may arise with the ownership of the property.

Question 5

What services does Crossroads Title provide?

Accepted Answer

Crossroads Title is a Michigan title management company that provides a range of services to mortgage brokers, lenders, finance companies, credit unions, and banks. Their team approach and advanced technology systems facilitate convenient solutions for titles, escrow services, and closings, helping to meet the needs of their clients.

Location	Google category	Reviews	Status
4343 State St, Saginaw, MIprimary	—	4.6 (38)	Claimed
409 Ashman St Ste 3, Midland, MI	—	—	Claimed
720 E Main St, Flushing, MI	—	—	Claimed
160 S Main St #8, Frankenmuth, MI	—	4.0 (6)	Claimed
3484 W Vienna Rd, Clio, MI	—	4.0 (3)	Claimed
3280 Elms Rd Ste C, Flushing, MI	—	5.0 (2)	Claimed
605 Warwick Dr, Alma, MI	—	5.0 (1)	Claimed

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