Oakland County, located in the state of Michigan, offers various types of affidavits as to the status of title for the conveyance of real property. These affidavits play a crucial role in providing potential property buyers with relevant information to make informed decisions. They are designed to induce the purchase of a property by assuring the buyer of the property's title status. Here are a few different types of Oakland Michigan Affidavits as to Status of Title for Conveyance of Real Property for the Purpose of Inducing the Purchase of the Property: 1. Oakland Michigan Affidavit of Title: This affidavit provides a comprehensive overview of the property's title history, including any liens, encumbrances, or claims. It assures the buyer that the title is free and clear of any potential issues. 2. Oakland Michigan Affidavit of Title Determination: This type of affidavit focuses on the determination of title status by a licensed attorney or a title company. It verifies the accuracy of the title information and certifies that the property has a marketable title. 3. Oakland Michigan Affidavit of Title Insurance: This affidavit is used when the buyer opts to purchase title insurance. It includes information about the title insurance coverage, conditions, and exceptions, providing the buyer with an added layer of protection. 4. Oakland Michigan Affidavit of Title Search: This affidavit confirms that a thorough search has been conducted on the property's title records, presenting the findings to the buyer. It ensures that there are no undisclosed or outstanding claims against the property. 5. Oakland Michigan Affidavit of Title Warranty: In this type of affidavit, the seller provides a warranty stating that they hold a valid title to the property, with no undisclosed liens or claims against it. It offers assurance to the buyer that they are receiving a property with a clear title. These affidavits serve as essential documents during the real estate transaction, providing confidence and security to both buyers and sellers. They are crucial in establishing transparency and trust in the property purchase process. Remember to consult a qualified legal professional or title company to ensure the correct use and completion of these affidavits in compliance with Oakland County and Michigan laws.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.