What is the difference between owner’s and lender’s title insurance?

Owner’s title insurance protects the homeowner from financial losses or legal costs related to title disputes or defects. This one-time purchase ensures that you, as the property owner, are covered. Lender’s title insurance, on the other hand, protects only the lender's interest in the property if a title issue arises. Note that while lender’s title insurance is commonly required, owner’s title insurance is optional but highly recommended.

Is owner’s title insurance a one-time fee?

Yes, owner’s title insurance is a one-time fee paid at the time of closing. Unlike other types of insurance that require monthly or annual payments, this policy remains in effect for as long as you or your heirs hold an interest in the property. Its long-term coverage for a single upfront cost makes it a cost-effective way to protect your investment.

Building in Michigan? How Title Services Keep Your New Project on Track

Blue Pointe Title
8 minutes ago
2 min read

Title Insurance for Historic Adrian Michigan Real Estate

Starting a new build in Michigan feels exciting. You’ve got your permits, the foundation’s set, and work is rolling ahead. But one thing can stall the whole job - what if the land’s title isn’t clear enough to build on?

New builds come with risks resale homes don’t. You’re often dealing with raw land or fresh subdivisions, so any slip-ups in filings, missing releases, or survey mistakes can throw your timeline off.

Why Title Services Matter for Michigan New Construction

Unlike resale homes, new builds start with a clean slate and that can mean hidden surprises. Maybe the land was farming ground, maybe there’s an overlooked easement, or subdivision lines didn’t get recorded right. A deep dive into the title early on tells you whether the dirt you’re building on is free of legal hurdles.

The Title Search: Your First Line of Defense

Confirm ownership Before you break ground, title pros verify the seller really owns the land, even if the parcel was just split or rezoned.

Check for liens and easements Unpaid loans, tax liens, or utility easements can pop up anytime. Title services spot these and work to clear them.

Spot recorded limits Besides zoning from city offices, recorded covenants or restrictions can affect what you can build. You want to know any deal-breakers up front.

Construction Loans and Title Protection

Construction lenders release money in stages as you hit each build milestone. Before each draw, they’ll ask for an updated title report to make sure nobody’s piled on new liens. Title endorsements tailored to your project can boost coverage so you and your lender stay safeguarded.

Managing Mechanic’s Liens

If you don’t pay your subs or suppliers on time, they can place a mechanic’s lien against your property. Title agencies coordinate lien waivers, review payment records, and keep your build clear of unexpected claims.

Why Buyers Still Need Title Insurance

Even a brand-new home sits on land with history. Any pre-existing lien, easement, or survey error can crash your closing. An owner’s title policy locks in protection for as long as you own the place, covering issues that popped up before you closed.

Keeping Your Closing on Schedule

Start title work early. The sooner you search, the sooner you can fix glitches.
Stay in sync. Good communication between builder, lender, and title agent keeps everyone on the same page.
Review ahead of time. Look over commitments and settlement statements before the walk-through so you’re not scrambling on closing day.

Ready to Protect Your Michigan Build?

Planning a new build in Michigan? Talk with the Blue Pointe Title team to keep your project on schedule and protected every step of the way.