Married couples living in Wisconsin are subject to the Marital Property Act, which affects how property is owned. For homestead property, both spouses must sign deeds and most mortgages affecting it. While it may cost less to use an abstract, if one exists, most lenders require title insurance. This may be required regardless what the offer to purchase says. If the buyer contacts a lender before writing the offer to purchase, the lender's requirements can be determined and included in the offer.
Financing is the key to most real estate transactions.
It provides the funds to make the purchase. There are a number of financing options, and an attorney can help a buyer evaluate them. Buyers may seek loan prequalification to help evaluate what they can afford. To secure the repayment of the loan, the lender will take a mortgage on the property purchased. It also will look into the buyer's finances and credit history and may require mortgage insurance.