How to Protect Your Investment with Title Insurance
Homes are often the largest purchases most people make in their lifetimes. People spend hundreds of thousands (if not millions) of dollars on their homes at the Lake of the Ozarks. With so much money at stake, it's easy to see why protecting your investment is so important. As your trusted title professionals at the Lake, Arrowhead Title, Inc. is here to help you learn how to do just that.
The Title Search
The first step is to choose a title company at the Lake of the Ozarks. When clients come to us to help them with their residential real estate transactions, we spend hours upon hours pouring through the public records to find all pertinent information relating to the property. This type of information includes (but is not limited to):
- Outstanding deeds of trust
- Liens against the property
- Owner history
- Tax information
- Restrictions on the use of the property
The goal of the title search is to unearth all the information a prospective buyer needs to know about the property so that he/she can make an informed decision. When issues are discovered before closing, the buyer and seller can work to resolve them before the sale is complete.
The Title Insurance Policy
Even the most thorough title searches sometimes contain mistakes. Sometimes, unforeseen issues arise. Examples of these issues caninclude:
- Unknown heirs
- Forged signatures
- Unpaid mortgages
- Unauthorized sellers
At best, these issues can limit your use and enjoyment of the property. At worst, they can cause serious financial loss - or even loss of the property. Your owner's title insurance policy is your first line of defense against these possible errors.
Questions? Contact Arrowhead Title, Inc.
Don't let the worst happen. Your friends at Arrowhead Title, Inc. can help provide you with the protection you need. Let us assist with your next real estate transaction. Feel free to give us a call at (573) 302-1950 for more information!
Where Accuracy Matters!