Arrowhead Title, Inc.

Easements and encroachments can make a huge difference when you’re making a decision about buying property at Lake of the Ozarks . Easements and encroachments both will impact how you will be able to use that property, and whether or not others will be able to use it as well. With easements and encroachments, there are two parties involved, both want access to or use of the land, but only one party legally owns the land. So what’s the difference between an easement and an encroachment? That is exactly what we will be answering in today’s blog! The biggest difference between an easement and an encroachment is whether or not the property owner is in agreement or gives permission for the other party to use the land. Here are the details. Easement Easement is when a property owner gives legal permission for someone else to use their land. Some of the more common examples include shared driveways, shared paths or walkways, utility lines, and even infrastructure like water lines and buried c...

Whenever you are in the process of looking for a home to buy at the Lake of the Ozarks , understanding and being aware of easements and encroachments can be important to knowing what property you are actually buying, and how you (and others) may be able to use it.  Both easements and encroachments involve one person using land that does not technically belong to them.  The simple difference between the two is whether permission is granted to do so.  Either way, if you purchase a piece of property with an encroachment or easement, you may be limited in how you can use that property.  Easement. Easement is a legal way that someone may use another person’s land, with permission.   This is routinely seen with shared driveways, utility lines and infrastructure, shared paths or walkways, etc.   It can even be done when it is discovered that a neighbor unknowingly built his deck or addition on your property IF BOTH PARTIES are agreeable to it.   The easem...

If you've recently purchased a home and didn't buy title insurance, you may run into some unforeseen issues in the future that you have no protection from. Title insurance is there to protect your interest in the event that something from the property's past comes to light that threatens your right of ownership to that property. There are several potential hazards that a new homeowner may face. This week, Arrowhead Title will be focusing on easements to better help you understand how they can affect your use and rights to a property. What is an Easement? An easement is a legal right to use another's land for a specific limited purpose. In other words, when someone is granted an easement, he is granted the legal right to use the property, but the legal title to the land itself remains with the owner of the land. Most commonly, easements are granted to utility companies to run power lines and cable lines. However, you may also grant an easement to your neighbor i...

It's time! After months of searching and negotiating, you've finally found your dream home and come to an agreement with the sellers. You know how much you're paying for the home and what is included in the purchase, and your loan approval process is well underway. Should be smooth sailing from here, right? Hopefully, yes, but there is one last step standing in between you and the purchase of your home: the commitment for title insurance . This detailed report will provide you with a description of the current owner of the home and any outstanding liens and encumbrances that may be placed on the title. Before continuing with the purchase of your home at the Lake of the Ozarks , it is important to look over the commitment for title insurance thoroughly and make sure there aren't any major issues with the property. What's Contained In A Commitment For Title Insurance? The commitment report contains valuable information about the state of the title and out...