Title Tip Tuesday | What Is Split Title? | Inked TV | Real Estate | Realtor | Detroit

Whether you a Real Estate Agent or a home buyer or seller split title can be a little confusing. In most real estate transactions you will have a mortgage involved meaning there will be a 3rd party lender looking to secure their assets. In this scenario you will commonly see split title, meaning there will be 2 title companies involved. 1 title company working with the seller to provide an owners policy and one title company working with the buyer and their lender to provide a lenders policy. However, in a cash transaction we will only have an owners policy, meaning only one title company involved in the transaction.

For additional information regarding the process of buying or selling real estate or to set up a no cost, no obligation consultation contact us today👇

www.InkedMichiganRealty.com
Contact@InkedMichiganRealty.com
(248) 965-4649.

Detroit