Michigan Warranty Deed

Without going to the owner who has become hostile in recent months. My husband bought the house of a friend to me and a title search was never done. We have a deed and I am in need of a security instrument to obtain a loan from the bank.

I do not understand why the owner would become hostile. You should have received a warranty deed in the first place.

Let me explain how an act of renunciation works: I could quit claim the entire state of Wyoming to you. If I have no interest in any property in Wyoming, you get what I was: nothing.

Get a lawyer, did a title search - make sure there is nothing that the seller is trying to hide. Somehow, I think there is more to this than meets the eye. And if I were the bank, I would act as a guarantee! In a warranty deed, the seller is, they have the power to transfer ownership to you ". Warrants and translated" Therefore, the expression

An act of renunciation gives you the rights that this person had the property. It is not necessarily guaranteed that they had every right to give you. Did you record your deed in your countya I could give you an act of surrender that property and it would be useless and worthless because I have no interest in the property.

You would need to have done a title search to see if that person owned the property free of any Leins. Comany a title or real estate attorney should be able to tell you what you should do.

You can not "convert" an act. Your question is like asking how you can convert a $ 100 check into a $ 10,000 check, because the owner has given you a check for $ 100.

Jump to another lender. I do not see why a warranty deed is required for a loan. Until you can get title insurance, there should be no problem. In fact, if you do a title search, you will probably find many quitclaims in the chain of title.