Title Reports: What They Are and Why You Need One

Buying a home can be a confusing and intimidating process. Arrowhead Title is here to calm your fears and help you through some of the more complicated aspects. We are the best title company at the Lake of the Ozarks, and our experts are always happy to help wade through the legal jargon you may find in the documents involved in your home purchase.

One of those documents is the title report. Many people aren’t aware of how important this report is to the purchase of your home. Today’s blog is going to cover the basics of a title report and why you will be happy you hired Arrowhead Title for your search.


What is a Title Report?

A title report is a document that includes the legal history about the home you want to buy. Sometimes it is called an “abstract of title” instead, but they are the same document.

Title reports are compiled by your title company (that’s us!) from an in-depth search of public records. We will search using multiple different factors in order to ensure we have all the important information pertaining to the property you are considering.

Why is Information from a Title Report Important?

Title reports will uncover multiple concerns regarding your potential home that are vital to know before purchase. The following is a list of information that you may discover as a result of a complete and accurate title report.
  • History of Ownership
  • Encumbrances
  • Outstanding Liens
  • Pending Court Actions
  • Easements
  • Covenants
  • Encroachments
You may discover that the previous homeowners never paid for the new roof they had installed last year. If this is not legally settled before you purchase the home, the responsibility for that payment becomes yours. No one wants to be in the situation where they are settling into their new home and suddenly receive a notice that they owe potentially thousands of dollars for something that was done before they bought the house.

While a title report doesn’t guarantee that all issues will be resolved, it does put you – the buyer – in a position of power. You will know the potential problems with the home’s title and be able to use that information to potentially bargain with the current homeowners.


Be Prepared

Obtaining a title report isn’t the only important step to protecting yourself during your home purchase. Title insurance is another important element that we highly recommend. Title insurance can cover any loss that occurs as a result of issues with the title.

Collect as much information and security as possible before you close on your next home. Contact Arrowhead Title to have the best title company at the Lake of the Ozarks at your side.


The Lake of the Ozarks' Most Trusted Title Company
Where Accuracy Matters!


750 Bagnell Dam Blvd Suite B
Lake Ozark, MO 65049

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