Difference between revisions of "MI Underwriting Summary"
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==Search/Exam== | ==Search/Exam== | ||
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===Minimum Search Requirements=== | ===Minimum Search Requirements=== | ||
Marketable Title Act – 40 years | Marketable Title Act – 40 years | ||
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WARNING – property tax issues - | WARNING – property tax issues - | ||
===Survey Requirements=== No | ===Survey Requirements=== No | ||
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==Statutes of Limitations== | ==Statutes of Limitations== | ||
===US Judgment Liens=== | ===US Judgment Liens=== | ||
Revision as of 17:23, 4 October 2014
Contents
Search/Exam
Minimum Search Requirements
Marketable Title Act – 40 years
Plant or other search restrictions
No
Additional Requirements for REO Searches
Foreclosure Checklist
Special Searches Required (Code, HOA, Utilities)?
WARNING – property tax issues - ===Survey Requirements=== No
UPL Hot Button Issues
Statutes of Limitations
US Judgment Liens
20 years
State Court Judgment Liens
Federal Tax Liens
10 years (+ 30 days)
State Tax Liens
Estate Tax Lien
10 years
State Inheritance Tax Liens
Mechanics Liens
Financing Statements
Mortgages
HOA Liens
Condominium assessments
Child Support Liens
Prepared by Deborah Everett, Esq. Summer 2014
