Sun Title, a title insurance agency and real estate services company in Michigan, launched the EZ-Read Title Commitment — a title insurance commitment created from the perspective of the customer instead of the title company.
The title commitment combines multiple documents including a record of transaction, liens, easements and more. The EZ-Read Title Commitment was created by Sun Title to provide an easy-to-understand title document to assist homeowners, commercial property owners, Realtors and lenders as they navigate the real estate transaction process.
“Our clients and their customers finally have a document that they can read and understand without the need to be a real estate title expert,” said Lawrence Duthler, Sun Title president and co-owner. “We believe this will save everyone time and energy from the very beginning of the transaction. Real estate transactions are moving at light speed and any delays can mean trouble.”
Designed to be easily understood by property owners, who are likely not experts in real estate transactions, the EZ-Read Title Commitment features innovative content to help all of the parties in the transaction.
- Clear explanation of the purpose of the title commitment and its various parts;
- Each item required for the transaction is explained in easily understood terms, with detailed directions on how to satisfy the requirement;
- Each requirement for the transaction is ranked on a scale of severity so the parties know how to prioritize what needs to get done; and
- Requirements have simple headings that highlight the issue.
To ensure the document is one that everyone can understand, Sun Title allowed clients to test it out in transactions.