Protect Your Investment with a Homeowner's Title Policy

Title insurance offers financial protection against title problems that might not be found in the public records, are inadvertently missed in the title search process or that may arise from fraud or forgery. The title policy required by a lender covers only the lender’s interest in a property. That's why it's strongly suggested that every buyer purchase title insurance that covers their interest as well.

The homeowner’s policy, purchased at closing, provides coverage for the homeowner. If your home’s title is challenged, based on a situation covered in the policy, the title insurer will either perfect (establish a valid title) or pay for defending against the challenge and will either make perfect the title or cover the costs in the case of a valid claim.

Types of Owner's Policies There are two types of Owner’s title insurance policies certified by the American Land Title Association® (ALTA®) – the Owner’s policy and the Homeowner’s policy. The Owner’s policy protects you …

Avoid the Risk of Losing Your Biggest Investment

If you're approaching the closing date for your new home, it's quite possible that you're feeling a bit squeezed by all of the costs you've been expected to cover so far - especially when you consider that you don't even own the house yet! Appraisals, inspections, earnest money... these things aren't cheap, and somehow you're expected to pay for all of them.

As the closing date draws nearer, you're probably looking for opportunities to cut costs in any way you can. While we certainly empathize with your predicament, your friends at Arrowhead Title, Inc. are here to make sure you know that title insurance is not the cost to cut.

Not Having Title Insurance Can Be Devastating
When you sign on the dotted line and become the proud owner of your new home, you also become the (maybe not quite as proud) owner of any problems associated with the house. The seller is off the hook.

What happens, then, if you find out afterwards that the seller was a minor or not …

Tips for Choosing the Right Title Insurance

If you've ever bought a home, you know that the process requires the full (and careful) integration of many moving parts. The sellers, buyers, lenders, and real estate agents must work together to bring the transaction to a successful resolution. However, these important parties aren't the only ones who will be closely involved in the transaction process. While you as a buyer or seller may not realize it, a Lake of the Ozarks title company will also play a crucial role.

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 policiesServing as the escrow agent
Essentially, it is up to the title company to ensure t…

5 FAQs About Escrow Accounts

Whether it is realized or not, many homeowners put money into an escrow account each month. A portion of your monthly mortgage payment is broken out into this separate account. The money in the escrow account goes to pay bills like insurance and property tax, this way you do not have to save separately for these expenses that go hand-in-hand with homeownership. Arrowhead Title, Inc. has provided a list of frequently asked questions about escrow accounts.

1. Q: Why am I required to have an escrow account?
A: An escrow account is usually required if the down payment on your home was less than 20%. Property taxes and insurance premiums are a few of the large expenses this account helps pay. You make one combined mortgage and escrow payment each month and your mortgage company will then deposit a portion into your escrow account. When your property tax and insurance bills are due, they are paid on your behalf.

2. Q: What is an escrow analysis?
A: As required by law, once a year, your escro…

What Does Title Insurance Protect You From?

When unexpected issues arise that may threaten your right to use and occupy your home, title insurance is your first (and sometimes) only line of defense. As the owner of your own home, you're counting on your right to use your land as you wish. If something threatens that, it can cost you a great deal of time, energy, and money. Fortunately, Arrowhead Title, Inc. is here to provide you with title insurance at the Lake of the Ozarks to protect all of your real estate investments.

The list of potential hazards that may threaten your right to the title of your property are practically limitless. Here is a general overview of twelve things that title insurance can help protect you from.
Titles are often dependent upon several different documents. If there is an error in any the way of these documents were written or recorded, your right to the title may be threatened.The deed, mortgage, or sale may have been authorized by an individual who was not mentally competent.One of the signatu…

6 FAQs About Title Insurance

Title insurance is arguably one of the most poorly understood forms of insurance. Many homebuyers hear about it as they prepare to purchase their homes, but they don't understand its true purpose - they simply accept it as a normal part of the closing costs. Nevertheless, securing title insurance at the Lake of the Ozarks is a critical part of the home buying process. Today, Arrowhead Title, Inc. is here to help by answering some of these common questions about title insurance.

1. What Is Title Insurance?
Title insurance, as its name suggest, insures the title to a property. It is homeowners' first line of defense against hazards that may threaten their right to their property, such as unknown heirs, unauthorized signatures, mistakes in public records, invalid power of attorney, etc. Essentially, title insurance protects your (and your heirs') right to use and occupy the land.

2. How Much Does Title Insurance Cost?
Actual costs vary from state to state and closing to closing, …

Forgery: An Increasingly Common Problem in Real Estate Deeds

If you have personally never been a victim of real estate forgery, you may not be aware that these things happen. Real estate forgery is a real thing and it can happen to anyone who owns property or is in the process of purchasing property. Typically, the only way you can ensure you will not become a victim of loss of property due to a forged deed is by purchasing title insurance. Arrowhead Title, Inc would like to help you understand what real estate forgery is and how to prevent it from happening to you.

How Does Real Estate Forgery Happen?
Forged deeds are exactly what it sounds like; a fraudulent scheme where someone forges the homeowner's name on a property deed and uses that title to claim ownership of that property. You may be asking yourself, how can someone get away with this? How this happens is the person who commits the fraud usually manages to have the deed notarized using false identification. After the document is falsely notarized, the scammer can record the deed a…