FTC Specializes In..
Complete Title Insurance Policies
Our title policies go through a vigorous search and examination process with the help of
our professional staff. Through our turnkey process we offer two types of insurance
policies, an owner's and a mortgage policy. Before we issue any policy, it becomes a
report or a commitment, as we call it. This commitment states the deed holder's
(owner's) identity and any outstanding liens, encumbrances and other defects which might affect the
title of the property. This information is very important to you and will be used as
a guideline to fulfill all requirements to convey clear title. Upon completion of
all requirements, a closing will take place. After the closing, our final policy
department will issue a title insurance policy. This policy sets out the new
ownership, if any, and incorporates all other changes which took place up to the date of
closing. Separate policies are written to protect the interests of both the property
owner and the lender.
Fidelity Title Company insurance policies are a contract of "indemnity".
The policy will protect you against any hidden title hazards for as long as you own
the property. Remember that the title process has many potential pitfalls
that can go wrong that can
affect clear title to the property, like clerical mistakes in the public records,
previously undisclosed heirs with claims against the property, and a forged deed that
transfers no title to real estate. That is why you need a title
company that has the experience, knowledge and financial backing of Fidelity Title
Company. We can help you fix past title defects and secure your most important
investment for the future.
Short Form Insurance Policies
Fidelity Title Company also provides the ALTA Short Form Policy. The Short Form
Policy is a simple tool which mortgage lenders can use to save time and money. Just
amend your closing instructions to require the use of the Short Form Title Policy for
single family residential mortgages and let us do the rest.
The Short Form Policy is a one-page condensed version of the standard title policy,
showing only the information required by ALTA. It can be issued at the time of
closing and does not provide recording information concerning the insured mortgage.
You could have many benefits and savings just by amending your closing instructions to
use the Short Form Title Policy. You no longer have to wait for the final loan
policy with the recording information. The recorded mortgage with the information is
returned to you by the county Register of Deeds.
If you are interested and want to learn more about this policy, please give as a call at
(248) 642-1115 and ask for the final policy department.
A title search is a very basic approach of disclosing what's on record for a
specific piece of property. It includes a complete check on the property to the
present day or effective date. This type of service is used for informational
purposes only. Please note, we can not insure the examining work provided in this
This search will provide you with current real estate property taxes, any special
assessments, any federal or state tax liens and the presumed deed holder to the
property. Please do not try to use this information in place of a title policy.
You are not receiving any title insurance, and it holds no grounds in a court of
An environmental search is issued only for zoned commercial or industrial
property. It's a 50(+) year compilation of recorded documents called an abstract of
title. The search is done by accumulating all recorded documents from the county,
organizing each recorded document by date, examining the work, and checking the chain of
If you are interested in learning more about an environmental search, please call our
president, Harry S. Ellman, at (248) 642-1115.
Full Escrow Department
An escrow is an arrangement in which a disinterested third party, called an
escrow agent or holder, holds legal documents and funds on behalf of a buyer and
and distributes them according to the buyer's and seller's instructions.
Fidelity Title Company is a licensed escrow holder, which can securely hold deeds, funds
and other important legal documents on behalf of the buyer and seller. Our escrow
officers are experienced and trained in real estate procedures for deeds, taxes and title
insurance. If you're looking for professional escrow services to obtain approvals
from the buyer on the title insurance report and pest and other inspections; disburse funds
for title insurance, recordation fees, real estate commissions, and lien clearances;
gather deeds and loan documents for the records; and close the escrow
Fidelity Title Company has the experience to do all that and more.
Ask us about the interest-bearing escrow account that we can set up for you through our
lending institution. We offer this service for certain transactions that are in some
type of litigation during the title process transaction.
For more information, contact Harry Ellman at (248) 642-1115.
President and General Counsel, Harry S. Ellman
If you are looking for a competent answer to real estate law and title
questions, Fidelity Title Company can assist you. For your convenience, our
President and General Counsel, Harry S. Ellman, is available throughout the day to answer
your legal and title questions. Harry S. Ellman graduated from Michigan State
University with a Bachelor of Science degree in 1968, and he obtained his Juris Doctorate degree,
with honors, in 1971 from Wayne State University Law School. Prior to founding
Fidelity Title Company in 1987, he had practiced law in Michigan for over 17 years and was the
past president of two local bar associations. During that time, he had
counsel to a national bank for nine years. At any time you can call Mr. Ellman at (248)
642-1115 or e-mail him at .
Mortgage Foreclosure Commitments
A mortgage foreclosure commitment is technically just a search with information
contained in a regular title commitment. A search fee is charged at the time
of issue, for which a credit is given against the premium if a policy is ordered.
Fidelity Title Company does Mortgage Foreclosure Commitments as a courtesy to our
lender customers without charging an expensive fee for the service. These
commitments include a complete search of the property, stating any open mortgages, tax
liens, divorces, etc. We can provide copies of all documents, upon request. We
are a service oriented title company that takes pride in the work we provide to our
customers. For more information, contact our President and General Counsel, Harry
S. Ellman, at (248) 642-1115 or e-mail him at .
In conjunction with insuring construction mortgages, Fidelity Title Company has
been supplying sworn statements and waivers to lenders and contractors for over a decade.
We give construction lien protection during the course of construction or shortly
after construction on improvements of the insured land. Whether you're a lender,
contractor or subcontractor, our job is to make sure that each party's needs are safely
met. If you're in the construction business or a lender dealing with builders, our
construction draw process is quick and easy. We have a manual and set procedures
that we abide by to make each draw process simple to perform. If your draw request
is in order, you can expect a draw authorization within 24 to 48 hours after our receipt
of your draw package.
For more new construction information, contact our President and General Counsel, Harry
S. Ellman at (248) 642-1115 or e-mail him at .
Data Trace Services
Through the Data Trace computer service, we are able to update your title commitment at the
time of closing. This service gives lenders and buyers safety, knowing that if there
were any changes or liens made of record from the time the title commitment was examined
to the day of closing, it will be picked up from the Data Trace Computer Search System.
Document Preparation Services
Fidelity Title Company has the capability to prepare and assist you with all the
necessary documents for any type of transaction related to the real estate industry.
Our processing department can draft warranty deeds, quick claim deeds,
and land contracts; complete closing packages with both buyer and seller settlement
prorate taxes and rent; and prepare a final closing statement for each party indicating
amounts to be disbursed for services and any further amounts necessary to close escrow.
A Source and Application of Funds Statement customized to your transaction will be
provided at the closing.
With software designed specifically for our needs, we can successfully get you
where you need to be in your transaction. If you need a title company
to give you correct documentation in a timely fashion, Fidelity Title Company is
Professional Closing Services
Our closing department works hand in hand with our processing
department. Our professional closers are capable of closing all
types of transactions. If you're looking for a company that you
can rely on and that keeps ahead of its competition, we're the title company
for you. We have received many letters from satisfied buyers and
sellers over the years and welcome your business.
Upon request, Fidelity Title Company will close at your location. Please
call us for details.
Using qualified intermediaries or facilitators, we are able to offer this unique
tax deferral service to our customers. Along with Fidelity Title Company services,
this team offers more than just financial security, we offer experience and knowledge in
title insurance and escrow services which make up a very important part of this
A 1031 Exchange is an exchange of property held for productive use in a trade or
business or investment for other "like kind" property. This exchange
benefits any taxpayer who has recognizable gains in qualifying property on
which he or she will pay capital gains tax. We strongly suggest
you consult with your tax advisor to determine the actual tax benefit to you. If you
are interested in this unique service, please feel free to contact our President and
General Counsel, Harry S. Ellman, at (248) 642-1115 or e-mail him at .