Just the Facts: Title Reports

Whether you're a veteran-homeowner or first-time homebuyer, the process of purchasing a new home can be a rollercoaster of emotions. On one hand, it's an exciting time as you prepare to invest in a new space to call your own, but you are also faced with many unknowns. When it comes to buying your home at the Lake of the Ozarks, it's important to trust you have the most prompt and experienced local experts backing your transaction. As the best title company at the Lake of the Ozarks, Arrowhead Title is committed to providing you with the utmost title and settlement services.

One of the essential services we provide in your real estate transaction is a title report. These are critical reports to have when buying any piece of real estate as they contain pertinent information regarding your subject property. Continue reading our blog to see just why you'll want to trust Arrowhead Title for your title and settlement services at the Lake of the Ozarks.

Why are Title Reports Important?

Title reports contain a record of the legal history of the subject property you are interested in purchasing. Your title company will perform thorough public record searches, searching multiple factors to ensure there are no crucial issues hidden on the property which could prevent or postpone closings.

What Types of Issues Can Arise?

Title reports can come back clear after research and verification are complete, which is what you'd hope for. However, from time to time these reports may uncover pertinent concerns such as:
  • Discrepancies in History of Ownership
  • Outstanding Liens
  • Pending Court Actions
  • Easements & Encroachments
  • Encumbrances

These items are critical to be resolved PRIOR to close on the property. For instance, if you find outstanding liens against the home for say, an unpaid contractor or homeowner association, you will find yourself liable for the dues once you gain ownership. Not a behooving place to be in considering you just made such a large investment and were probably not expecting to be responsible for these, sometimes very costly, issues.

With that being said, a title report isn't a guarantee that all issues, should they arise, will be resolved. However, knowledge is power, and the more you know about the property you're interested in buying BEFORE you make the purchase can vastly increase your negotiating power with the current homeowner.

Why Arrowhead Title?

As the best title company at the Lake of the Ozarks, we pride ourselves on being totally transparent. We deliver prompt and accurate information about your subject property through our in-depth research to allow you to go into each transaction fully aware. So, when you're looking to make a purchase, trust none other than Arrowhead Title, your local title and settlement experts at the Lake of the Ozarks.


Popular posts from this blog

Title Commitment vs Title Report

9 Fun Facts About Title Insurance

Why Would I Need a Title Search vs Owners and Encumbrance