Posts

What Does a Title Company Do?

Image
Most real estate transactions involve many moving parts in order for a deal to close smoothly. The sellers, buyers, lenders, and real estate agents must work together to bring the transaction to a successful resolution. Another important party that's involved in ensuring the transaction closes smoothly is the title agency. Because of the crucial role they play, your title company selection makes a big difference in the process. See what role a Lake of the Ozarks title company plays in your real estate transaction and all the things they do to help:


What Does The Title Company Do?
While first-time buyers generally do not understand the role a title company plays as well as they understand lenders' or realtors' responsibilities, that does not mean a title company's role is any less important. Here is a quick look at the types of responsibilities a title company will fulfill during the closing process:
Ensuring validity of the titleIssuing the title insurance policiesServin…

How Does a Property Lien Affect You?

Image
A property lien is a claim on a residential property for the homeowner's unpaid bills. When a lien is placed on a home's title, it means that the owner cannot legally sell, refinance or otherwise transfer a clear title of ownership to the home. In today's blog, your Lake of the Ozarks title company explains the implications of having a lien on your property.


Types of Property Liens There are multiple types of liens that can affect your right to ownership of your home. A "mechanic's" or "construction" lien protects the provider of services whose charges to the owner for repairs, improvements or maintenance have gone unpaid. A lien on the property also exists when a mortgage loan is used to purchase the home. In exchange for use of the money needed to purchase the home, the lender has a legal claim on the property. A tax lien may be filed against the property by the Internal Revenue Service for unpaid federal taxes. The IRS and the county tax assessor …

3 Important Reasons to Purchase Title Insurance for New Construction

Image
As you prepare to finalize the purchase of your new home's lot and begin making plans for the build, you may be thinking that purchasing title insurance for a new home isn't necessary. If you're the first owner of the home, there shouldn't be any title issues... right? Actually, you'd be wrong. Title insurance is critically important to buyers of both new and resale homes for many reasons. Take a look at 3 very important reasons why even newly constructed home titles should be covered by title insurance.


1. Legal Ownership of the Land
In a brand new subdivision, you need to make sure the land was properly subdivided and that your home is on the correctly identified lot in the subdivision so that there’s no question of ownership in the future. While your house is new, the land it’s built on is not, so it’s possible to have a third party make a claim on the property. When title faults or claims are left unsettled for years, the new owner could face a significant finan…

Check Out These Awesome Upcoming Lake Area Events!

Image
The Lake of the Ozarks is an amazing place to live all year long. The countless family-friendly activities ensure that there is always something to do or see. This week, Arrowhead Title, Inc. is sharing with you some of the awesome events taking place over the next couple of weeks at the Lake of the Ozarks!


A Contagious Labor Day Weekend
Aug 31, 2018 - Sep 02, 2018
Horny Toad Entertainment Complex at Camden on the Lake
Hours of Operation: 8:00 pm – 1:00 am
Hop on over to the Horny Toad Entertainment Complex for a Contagious Labor Day Weekend! Contagious keeps the party going Friday, Saturday and Sunday night. Check out the band before the show at www.clubcontagious.com and you'll see why they are St. Louis' ultimate party band!

Aaron Lewis Live in Concert
Sep 01, 2018
Ozarks Amphitheater
Hours of Operation: Doors: 6:00 pm / Show: 7:00 pm
Ozarks Amphitheater is excited to welcome back Aaron Lewis. (Special Guests to be announced.) Doors open at 6pm concert starts at 7pm. The Ozarks Amp…

Shedding Light on the Importance of Title Insurance

Image
As a responsible consumer, you probably know all about the importance of having home, auto, life, health, and other insurance coverages to ensure that your personal belongings and family are properly covered. Our title company at the Lake of the Ozarks wants to take this opportunity to raise awareness for one of the lesser known (but equally important) forms of insurance that every homeowner should be aware of: title insurance.



What Is Title Insurance?

Title insurance, as its name implies, is a service that ensures a property owner's right to the title of their land. In other words, it protects the property owners' right to use and occupy the land as long as they or their heirs have a vested interest in the property. Title insurance policies are issued at the date of the closing and are purchased for a one-time premium, making them much more affordable than other forms of insurance currently available.

What Do I Need To Know About Title Insurance?

Title insurance comes in two dist…

Be CONFIDENT in Your Real Estate Investment!

Image
Before buying real estate, you'll want to be confident that you are making a wise and safe investment for you and your family. A big part of this assurance comes from working with a reliable title company at the Lake of the Ozarks to ensure that your chosen property does not come with any hidden hazards that may threaten your ownership rights.


Protecting Your Right To Use And Occupy Your Property
Your financial future is on the line when you purchase real estate at the Lake of the Ozarks, and it is our job to ward off any potential hazards that could threaten your right to use and occupy your property after closing. Believe it or not, there are actually several things that can threaten new property owners. Here are a few examples:
If his/her signature was not obtained at closing, the ex-spouse of the seller could express ownership rights over the property.An unknown will could surface and promise ownership rights to someone else.If an unsatisfied lien is uncovered, you could be fina…

4 Facts About Title Insurance

Image
When buying a home there are some things that are extremely important to consider, such as whether or not to purchase title insurance. Though it is one of the most important types of insurance available on the market today, title insurance is still largely misunderstood. This leads to homeowners not wanting to purchase it, which unfortunately can be a huge mistake. In addition to providing this crucial service to homebuyers at the Lake of the Ozarks and surrounding areas, we have made it our mission here at Arrowhead Title, Inc. to educate our clients on the importance of title insurance and all that it provides. Check out these 4 facts about title insurance that you may not have known.


1. Title Insurance Protects Your Right To Use & Occupy The Land

Most people know that title insurance is part of the closing costs associated with buying real estate at the Lake of the Ozarks (or anywhere else), but very few people truly understand what this insurance policy covers. Essentially, titl…