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Mid-American Title keeps you up to date with the latest news and trends in the industry.
Every year, SplashData compiles a list of the most popular passwords based on millions of stolen logins made public in the last year. You can probably guess the top two choices: Based on more than five million leaked passwords, they are “123456” and “password.” There are also some new additions this year, including “starwars,” [...]
Buying and selling a home is an exciting time, but there can be pitfalls for unsuspecting consumers . We want home buyers ,sellers, agents, and lenders to be aware that criminals are using wire fraud schemes to steal money meant for home purchases or the proceeds from the sale of the property. Watch [...]
Back in March we did a blog post about Michigan abolishing dower rights. We decided to put a quick video together to help explain it in simple terms.
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 [...]
