Challenges can arise during real estate transactions involving divorced couples. These challenges can include issues with obtaining a deed from an ex-spouse and addressing judgments and liens associated with the property. It is recommended to obtain documentation related to any divorces early in the transaction process to address these issues in advance.
Related Insights
Watch Video
Real estate property taxes explained
When transferring property in Michigan, it’s important to ensure that taxes are current, as they become a lien on the property when the tax bill is issued. Failure to pay taxes will result in the deed not being recorded.
Watch Video
Types of real estate liens
Lien on a title is a common occurrence and is typically caused by government or personal judgment liens. The process of obtaining a release can be complicated, and it may take time to get a payoff from the government.
Watch Video
Types of real estate easements
This video discusses easements and the issues that can arise when dealing with them in real estate transactions. Easements are legal documents that give someone the right to cross a property to access their own property.
Send Earnest Deposit
End-to-end bank-level encryption and secure funds transfer.
Send Earnest Deposit