Michigan Mortgage Deed

State:
Multi-State
Control #:
US-03109BG
Format:
Word; 
Rich Text
Instant download

Description

A mortgage deed is a document which gives a lender legal right and interest in a property. Generally, a borrower is pledging his home as security for a loan. The mortgage deed evidences the lender's ownership in the property. It operates very much the same as a mortgage or deed of trust. The lender can foreclose on the property if the debtor does not make timely payments.
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FAQ

There are three (3) convenient ways to retrieve a document from our extensive files: Visit waynecountylandrecords.com - available 24 hours a day. Visit our office in historic Greektown (kiosks are now only available to be used from am-pm) Request a Search-by-Mail.

A Michigan warranty deed provides the new owner with the most protection of Michigan's deeds?covering all potential title problems (unless expressly excluded from the warranty). Other Michigan deeds provide the new owner less protection or no protection against title problems.

In ance with state statute, the Register of Deeds office records documents that affect real property such as deeds, land contracts, liens, mortgages, master deeds, surveys, declaration of trusts, and court documents to name a just to few.

In Michigan, a deed must be signed by the grantor, notarized, and recorded to the Register of Deeds for the property transfer to be considered valid and effective.

If a deed is not recorded, it is virtually impossible for the public to know that the transfer of the property occurred, and the legal owner of the property could appear to be the prior owner rather than the new grantee. Numerous problems can then occur.

State Statute prescribes the duties of the Register of Deeds. The Register is responsible for receiving, recording and digital storage of all legal documents affecting Real Estate within Eaton County. Documents are checked for Michigan recording requirements.

If you do not have your deed, then you can get a recorded copy of it at the Register of Deeds; and a recorded copy is just as good as the original. You can come in person, send us a request by mail, or search online. Search and copy fees will apply.

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Michigan Mortgage Deed