Arrowhead Title, Inc.

If you are considering purchasing real estate at the Lake of the Ozarks, especially if you are a first-time home buyer, title insurance should be something you are thinking about. Buying a home is exciting but there are steps that you need to take to ensure you are protecting your investment. At Arrowhead Title, Inc , where accuracy matters, we are here to help you protect your future investment. Some of you might be asking, what is title insurance? Here we will tell you what title insurance is and seven benefits of purchasing title insurance with the best title insurance company at the Lake of the Ozarks. What is Title Insurance?  When you purchase real estate, you are purchasing the right to occupy the property and the right to use the land. When you purchase title insurance you are protecting yourself from loss of property from possible liens, defects from the title, unknown heirs, mistakes in the public records, and other various problems that could be wrong with the title o...

If you've been thinking about buying a house, it's time to educate yourself on the process. Buying a home is a ton of fun, but it is also a complicated process with a lot of details that must be met. Your real estate agent will be able to guide you through the process, and our  title experts at the Lake of the Ozarks  will be here to fill in the gaps wherever we can. This week, we want to look at one particular aspect of the home purchase agreement: the title contingency. What Is A Contingency? Before we look specifically at title contingencies, let's back up and look at contingencies in general. When you submit an offer on the house, you do so through a proposed home purchase agreement. This agreement outlines several details of your proposed sale, including the purchase price, closing date, any specific items that should be included in the sale, and your desired contingencies. Contingencies are conditions that must be met in order for the contract to be considere...

If you know anything about real estate, you know that there is a lot more to  buying and selling property  than simply handing over the keys. There are multiple steps that must be taken and quite a bit of paperwork that must be filled out before ownership can be transferred from one party to another. Typically these steps can be taken without too much trouble, but every once in a while, issues may arise that inhibit the sale of a property. A "cloud" is an example of one such issue. What Is "Cloud On Title"? Often considered synonymous with "title defect," the term "cloud on title" refers to any issue with a title that may cause a reasonable buyer to hesitate before purchasing the property. Examples of common clouds include (but are not limited to): Unpaid property taxes An unsatisfied mortgage lien A pending lawsuit over ownership of the property An improperly recorded deed An improperly recorded easement Improperly recorded ownership...

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 interesting tidbits about title insurance. Interesting Tidbits 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, Can...