How to Protect Your Investment with Title Insurance

Homes are often the largest purchases most people make in their lifetimes. People spend hundreds of thousands (if not millions) of dollars on their homes at the Lake of the Ozarks. With so much money at stake, it's easy to see why protecting your investment is so important. As your trusted title professionals at the Lake, Arrowhead Title, Inc. is here to help you learn how to do just that.


The Title Search

The first step is to choose a title company at the Lake of the Ozarks. When clients come to us to help them with their residential real estate transactions, we spend hours upon hours pouring through the public records to find all pertinent information relating to the property. This type of information includes (but is not limited to):
  • Outstanding deeds of trust
  • Liens against the property
  • Owner history
  • Tax information
  • Restrictions on the use of the property
The goal of the title search is to unearth all the information a prospective buyer needs to know about the property so that he/she can make an informed decision. When issues are discovered before closing, the buyer and seller can work to resolve them before the sale is complete.


The Title Insurance Policy

Even the most thorough title searches sometimes contain mistakes. Sometimes, unforeseen issues arise. Examples of these issues caninclude:
  • Unknown heirs
  • Forged signatures
  • Unpaid mortgages
  • Unauthorized sellers
At best, these issues can limit your use and enjoyment of the property. At worst, they can cause serious financial loss - or even loss of the property. Your owner's title insurance policy is your first line of defense against these possible errors. 

Questions? Contact Arrowhead Title, Inc.

Don't let the worst happen. Your friends at Arrowhead Title, Inc. can help provide you with the protection you need. Let us assist with your next real estate transaction. Feel free to give us a call at (573) 302-1950 for more information!
Where Accuracy Matters!



Location: Lake Ozark, MO 65049, USA

Comments

Post a Comment

Popular posts from this blog

Title Commitment vs Title Report

Image
Do you know the difference between a title commitment and a title report? While these documents may sound similar at first, they actually serve very different purposes and should not be confused. As your trusted title company at the Lake of the Ozarks , Arrowhead Title is here to help clear up any misunderstandings you may have about title commitments and title reports. Title Commitments Title commitments are issued when someone is in the process of buying a home or piece of property. After the title search has been conducted (that is, after your title company has thoroughly researched the public documents for any pertinent information regarding the property), the next step is to issue the title commitment.  The title commitment is exactly what it sounds like: a commitment  to provide title insurance to the lender and the buyer under the terms described. The title commitment outlines the conditions and exceptions that will impact the title insurance policy. Conditions to
Read more

9 Fun Facts About Title Insurance

Image
Title insurance is a crucial part of buying real estate, whether a home, business, or commercial or residential plot of land. Without title insurance, your right to use and occupy your new property may be hindered by rights and claims asserted by others - potentially even years after the closing date. Despite its incredible importance, title insurance is largely misunderstood (if it's understood at all) in the general community. Arrowhead Title, Inc. is here to educate you on our unique industry by filling you in on these fun facts about title insurance. Fun Facts About Title Insurance 1.   Benjamin Franklin was the first person to come up with the concept of title insurance. 2.   Title insurance's primary focus is proactive, not reactive - it aims to prevent issues from ever arising in the first place. 3.   Title insurance is available in several other countries (not just the States). For example, it is used in Northern Ireland, Canada, Mexico, New Zealand, Austra
Read more

Why Would I Need a Title Search vs Owners and Encumbrance

Image
Purchasing your Lake of the Ozarks home can come with a few unexpected expenses.  When faced with the decisions of what title insurance to choose when buying your home, count on Arrowhead Title, Inc. , to help accurately answer the questions you may have.  O&E vs Title Search As a new home buyer, the question of whether to get a full title search or an owner and encumbrance (also known as a title report) may come up in your home search process.  It is important to first understand the difference between the two.  Owner & Encumbrance Owner and encumbrance reports are simplified non-insurance title reports designed for informational purposes only.  Also known as a property report, this report is a limited search of public records.  It does not provide any insurance. However, the title search does provide valuable information concerning the property such as the property’s most recent owner, taxes owed on the property, outstanding deed of trust, and possible liens. A
Read more