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Showing posts from December, 2018

Understanding Your Title Commitment

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During the home buying process, buyers typically have to go through the steps of getting a title insurance policy, whether it's the Owner's policy and the Loan policy, or just the Loan policy itself. One of those steps is to request for a title commitment to be completed and to review that report once the title insurance company sends it to you. But what exactly is a title commitment and what does it entail? This week, we'll go over in detail what it is and what information it provides to homebuyers and the title company.


What is a Title Commitment?
A title commitment is basically the title company’s promise to issue a title insurance policy for the property after closing. The title commitment contains the same terms, conditions, and exclusions that will be in the actual insurance policy. Almost every purchase and sale agreement contains language requiring the seller to provide the buyer with title insurance. At Arrowhead Title, we issue the title policy using forms distrib…

'Chain of Title' and Title Insurance: How It Protects Your Investment

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Title insurance protects property owners' right to use and occupy their land. For some homes and/or properties, the title can be limited by rights and claims asserted by other individuals. If someone else brings a claim against your property, your ability to use and enjoy the land may be reduced and/or you may suffer great financial loss. That's where title insurance comes in.


Title insurance is your first line of defense against these potential hazards. Property is often the biggest investment most people make in their lifetimes, and it is crucial to protect this investment with title insurance.

Title Insurance Focuses on Risk Prevention
While other forms of insurance guard against risks by assisting you after an incident occurs, title insurance manages your risks by focusing on preventing risks before they occur. In order to do this, title insurance companies rely heavily on something that is known as "chain of title."

What is "Chain of Title"?
Chain of tit…

'Tis the Season for Property Taxes

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'Tis the season for holiday gatherings, Christmas shopping, and - unfortunately - property taxes. While it's safe to assume that no one looks forward to paying their property taxes, keeping up with these payments is absolutely essential.Arrowhead Title, Inc.is here to help you understand your property taxes and what happens if you fail to pay them.



What Is Personal Property Tax?
Personal property tax is a tax that is levied against tangible property that you owned at some point during the tax year. Examples of tangible property include houses, land, additional properties, boats, waverunners, cars, trucks, RVs, and motorcycles. Exactly where and how your tax dollars will be used may vary slightly by state and county, but generally recipients may include:
Local road districtsThe local libraryThe StateThe CountyThe local fire districtThe local schoolsLocal senior citizens
What Happens If I Don't Pay My Personal Property Tax? Tax payments must be postmarked by December 31st. If you…