Arrowhead Title, Inc.

Escrow is a huge part of the real estate process. In a previous blog, " What Is Escrow And How Does It Work? ", we explained the basic definition of escrow and explored how it is used in the world of real estate. We mentioned that in the world of real estate, escrow deals predominantly with earnest money, closing costs, taxes, and insurance. Today, the team at Arrowhead Title is here to help you understand the process of achieving escrow success. If you follow these seven steps, our title company at the Lake of the Ozarks will be able to help you along your path to escrow success! - STEP ONE - Choose which title company you want to handle your transaction. The company of your choice will be able to provide you with an escrow and/or title reference number to help you organize all future communications. Arrowhead Title, Inc. has proudly been providing closing and escrow services at the Lake of the Ozarks for over twenty years, and we would be honored to assist you wi...

To you, buying a house at the Lake of the Ozarks means choosing a new home to call your own - a new place to raise a family. To a title agency at the Lake of the Ozarks , buying a house means transferring a land title from the current owner to a new one. This is a complicated process, but a broad overview can be summed up in a few basic steps. Your friends at Arrowhead Title, Inc. are here to help you understand the process! Step 1: Earnest Money When the buyers submit an offer on the house, they include a check for something called "earnest money." This money is essentially a deposit that shows the buyer is serious about the purchase. The title company puts this money into an escrow account to hold until closing, at which point the funds will be applied to the purchase of the home. Step 2: Tax Check Before a title can be transferred to new owners, all outstanding taxes must be paid. The title company will contact various assessors and collectors to find out if the...

If you've ever taken steps towards buying a house at the Lake of the Ozarks , you've undoubtedly heard the term "escrow" tossed around a few times. You're probably aware that escrow is an essential part of the home buying process and subsequent homeownership, but do you know what it really means? The team at Arrowhead Title, Inc. is here to help you make sense of this sometimes confusing subject. What Is "Escrow"? At its most basic definition, escrow is an account of funds that is being held by an independent third party. Once applicable instructions and conditions have been fulfilled, the third party then transfers the funds in the account to the designated recipient.  According to this definition, escrow accounts could be used in any number of situations. In the world of real estate and title insurance, however, escrow deals predominantly with earnest money, closing costs, taxes, and insurance. How Does Escrow Work? Escrow is an integr...