Category: Michigan Title Services

Adventures in title insurance!

It was a short road trip, but I recently had the privilege to speak at a brown bag lunch seminar at the Oakland County Bar Association regarding title insurance and the practice of law.   I want to give a heartfelt thanks…

Who does the title company represent?

I often hear title insurance professionals talk about who their company “represents”.   As in “We represent the buyer”, or “We represent the seller”.  This type of discussion usually occurs at the closing table during a split closing. A split closing…

FIVE TITLE INSURANCE QUESTIONS

Q:  What is title insurance and what does a title company do? Title insurance is a contract of indemnity.  The title insurance premium is a one-time paid fee.  A title insurance owner’s policy protects the ownership of your most important investment – your…

Judgment Liens

My name is Dave Phillips, Chief Title Examiner at Reputation First Title Agency. This article concerns Judgment Liens affecting land within the borders of the great state of Michigan. It is very important for Michigan real estate practitioners to understand…

Understand Your Vehicle of Ownership: Part 4

Welcome back for part 4 of the series titled Understand Your Vehicle of Ownership. This represents part 4 of my 4 part series. As a reminder, when two or more people take title to land, this is referred to as a “concurrent…

Understand Your Vehicle of Ownership: Part 3

Welcome back for part 3 of the series titled Understand Your Vehicle of Ownership. Yes, I’m still in Villahermosa, Mexico, and yes, I am still with Pequeno Hombre, my favorite beer drinking horse. As a reminder, when two or more people take…

Understand Your Vehicle of Ownership: Part 2

Welcome back for part 2 of the series titled Understand Your Vehicle of Ownership. I’m still in Villahermosa, Mexico. With me on this trip is Pequeno Hombre, my favorite beer drinking horse. He is very fond of Guinness. As a reminder, when…

Understand Your Vehicle of Ownership: Part 1

Hello. This is Dave Phillips coming to you from Villahermosa, Mexico. With me is Pequeno Hombre, my favorite horse. We have something we would like to discuss with you. Land ownership. There are thousands of land sale transactions annually across the…

Title Insurance & Entity Papers

My name is Dave Phillips. The Gilbert Law Dictionary defines entity as: An existence, a being, be it actual or artificial, e.g., a person, corporation, or trust.  Many transactions involve property that is being sold or purchased by an artificial entity, such as…

An Overview of the Oil and Gas Lease

My name is Dave Phillips. This article will concern the basics of the oil and gas lease as it pertains to title insurance. It is standard procedure for the title policy to take exception to an oil and gas lease affecting a parcel of…