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Showing posts from February, 2019

Title Insurance 101

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Many people who are in the market to purchase property in the Lake of the Ozarks area, have questions about title insurance.  If you are new to the home buying process, Arrowhead Title wants to help you understand the basics of title insurance, and the services we can offer you as Lake of the Ozarks’ most trusted title company.  

Glossary of Important Title Insurance Terms:Title: A title is a written legal document that proves ownership of a property by an individual – insuring your property title keeps any past unknowns from nullifying your property ownership Escrow: Escrow is a commonly misunderstood term – Escrow actually refers to a period of time.  This is the time frame where a third party (such as a title company) holds a bond, deed, or another form of funds that will only take effect after certain conditions are fulfilled and the transaction is ready to be completed (the property buyer is ready to become the property owner).Title search: During escrow, the title search is con…

5 Hidden Title Problems You May Run into As a Homeowner

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There are many hidden errors and problems that you can encounter as the owner of a new property.  These hidden errors and problems are why you, as a new homeowner, should invest in title insurance at the Lake of the Ozarks through Arrowhead Title, Inc.  Title insurance makes sure that all these potential hazards are covered, and you are protected as a property owner.  At our Lake of the Ozarks title insurance company, we work to help provide you with title services and handle your funds with the utmost integrity.  We have written this blog to educate property and homeowners on some of the hidden title problems that can occur, even after the purchase has been finalized.


1. Errors in Public Records:

Human error is an unavoidable occurrence.  Errors in the recording of information sometimes will occur at the County Clerk’s Office. For, example, names can easily be misspelled. Errors and confusion can also result when there are quite a few documented former homeowners’ who have similar nam…

How Can a 'Cloud' Inhibit Ownership Rights?

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There are multiple steps in buying and selling property that must be taken and quite a bit of paperwork that must be filled out before ownership can be transferred from one party to another. Typically these steps can be taken without too much trouble, but every once in a while, issues may arise that inhibit the sale of a property. A "cloud" is an example of one such issue.


What Is "Cloud On Title"?

Often considered synonymous with "title defect," the term "cloud on title" refers to any issue with a title that may cause a reasonable buyer to hesitate before purchasing the property. Examples of common clouds include (but are not limited to):
Unpaid property taxesAn unsatisfied mortgage lienA pending lawsuit over ownership of the propertyAn improperly recorded deedAn improperly recorded easementImproperly recorded ownershipAny outstanding lien or other encumbrance
What Happens If There Is A Cloud On Title?
Before property can be purchased or sold, a pro…

Defects & Encumbrances: How Do They Affect Your Title?

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When closing on a home at the Lake of the Ozarks, it's easy to get wrapped up in the excitement of finalizing the deal and getting moved in. So much so, that many buyers don't even consider the possibilities of the sale not going through or the potential problems that could arise after the sale is final. There are many things on the back end of the real estate process that most buyers and sellers don't see or even consider until there's a problem that needs to be addressed. This week, Arrowhead Title will be discussing title defects and title encumbrances and explain how they affect a title to real property.

What is a Title Defect? A title defect is a legal claim or circumstance that hinders the verification of the title and identification of the true owner of a real property. These defects occur usually when the ownership or transfer of ownership is not properly recorded, or where any lien recorded due to an unpaid obligation was not removed on satisfaction of the obl…