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What’s Right for Me, Owners & Encumbrance or Full Title Search?

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  Are you thinking of purchasing a home at the Lake of the Ozarks ? If so, you may be faced with the decision of a title report (also known as owners & encumbrance) or getting a full title search with title insurance. Buying a home has many intricacies, some of which can come with unexpected fees if you’re not prepared. In this week’s blog, the best title company at the Lake of the Ozarks , Arrowhead Title, is going to share a little information to help you decide which route is best for you. Obtaining a owners & encumbrance report or a full title search. Read on to learn more! Understanding the Difference When buying a new home, knowledge about the property is one of the most valuable things you can have BEFORE the purchase. You may find yourself with the option of choosing a owners & encumbrance report (aka title report) or getting a full title search. In order to know which is best for your buying situation, it’s necessary to understand both terms and what they provi

What’s the Difference: Title Commitment vs. Title Report

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As your trusted title company at the Lake of the Ozarks , Arrowhead Title strives to educate clients about real estate title, escrow, and closing services so that they make informed decisions on their transactions. With that being said, do you know the difference between a title commitment and a title report? If not, this week’s blog will help to distinguish the two. Read on to learn more! A Title Commitment Simply, a commitment from the title agency to issue title insurance to the lender when financing the purchase of a home on behalf of a borrower. This commitment is issued after the title company has thoroughly reviewed public records through a title search. Ensuring that there are no potential pitfalls in prior ownership history or existing liens. This commitment will outline the conditions and exceptions that the company will cover in the insurance policy. Commitment Conditions: are requirements that must be met for the title insurance policy to be issued. Commitment Exce

All About Our Services

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When purchasing real estate at the Lake of the Ozarks , it’s essential that you have a quality title agency backing your transaction. As the best title and escrow company at the Lake of the Ozarks , Arrowhead Title works diligently to provide you with the most dynamic solutions for every aspect of your transaction. Accurately and transparently analyzing records of the property to effectively minimize your risk. Read on to see how we can assist with your real estate needs at the Lake. Title Insurance When purchasing real estate, you are purchasing the title to the property – the right to occupy and use the land.  That title may be limited by rights and claims asserted by others, which may limit your use and enjoyment of the property and even bring financial loss.  Title insurance protects against these types of hazards.   Title Reports The title report may be issued for a property you are interested in but are not purchasing.   It does not provide any insurance but does provid

Tips about Escrow Services for Realtors

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As the best title company at the Lake of the Ozarks , Arrowhead Title takes pride in the level of service and value we provide not only our clients. We promptly communicate with all needed parties throughout every step of the real estate transaction to ensure transparency and to help build strong relationships. In this week’s blog, we’re going to be discussing escrow services at the Lake of the Ozarks and give a few tips to help realtors in selecting the right title and escrow company. The Value of Referrals As you mingle with other realtors, bankers, and other people in a related industry, it’s likely that you’ll overhear or be told about escrow companies they’ve worked with. You’ll get the good, the bad, and the ugly and be able to know which escrow companies would make a great partner for your future transactions - and those to steer clear of. Communication About Escrow is Critical The subject of escrow can be a confusing and stressful topic for buyers and sellers. So, en

Just the Facts: 1031 Exchange

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 As the best title company at the Lake of the Ozarks , Arrowhead Title strives to educate our clients with title and real estate knowledge to help in the decision-making process. We find that our clients appreciate and are welcoming to the information to assist them in making these important decisions confidently. In this week’s blog, we’re going to be talking about 1031 exchanges – a strategic investment tool that can help savvy investors build wealth. What is a 1031 Exchange? A 1031 exchange is a “like-kind” investment strategy where investment property is swapped for anther. This allows savvy investors to defer capital gain taxes (until cash-out) and build wealth. The IRS Section 1031 mandates that only “like-kind” investment properties can be swapped, limits use with vacation properties, has certain time frames, and tax implications. The Rules for Depreciable Property When swapping property that is deemed depreciable by the IRS, it can trigger what’s called a depreciation

Closing Documents in Detail

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The best title company at the Lake of the Ozarks , Arrowhead Title, takes pride in providing the utmost closing and escrow services to our clients seeking real estate at the Lake. We also educate our clients throughout the process to ensure they can make decisions with confidence. In this week’s blog, we’re going to be talking about the pertinent documents you’ll find at your real estate closing at the Lake of the Ozarks. Read on to learn more! Closing Disclosure (CD) A closing disclosure is a document that includes the final details and terms of your loan transaction. Reviewing this document thoroughly is essential to ensure that all fees (and who is responsible to pay them), cash-to-close, interest rate, amortization, and payment dates are accurate. Your mortgage company and title agency will have ensured these balances before it gets to the closing table, but it’s wise to give it a review before signing to avoid any clerical errors that may have occurred. The Note Also know

Answering Escrow Questions for the First-Time Home Buyer

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The best title agency at the Lake of the Ozarks , Arrowhead Title provides the utmost closing and escrow services for all your real estate needs at the Lake. We are dedicated to our community and the clients we serve and as such are here today to tell first-time home buyers what they need to know about escrow services at the Lake of the Ozarks. What Are Escrow Services? Firstly, let's start by covering what escrow services actually are. Escrow settlement services help facilitate transactions. They are provided by a title company in the purchase/sale of real estate. Here is what you can expect those services to include: Handling the deposit and disbursement of funds Calculating and adjusting the amounts due for taxes, insurance, rents, etc. Securing a title insurance policy Recording deed and loan documents Coordinating the signing of loan and closing documents Preparing the final statement that outlines funds received and to be disbursed  Escrow Account? What's That? Also know