What Does Title Insurance Protect You From?

When unexpected issues arise that may threaten your right to use and occupy your home, title insurance is your first (and sometimes) only line of defense. As the owner of your own home, you're counting on your right to use your land as you wish. If something threatens that, it can cost you a great deal of time, energy, and money. Fortunately, Arrowhead Title, Inc. is here to provide you with title insurance at the Lake of the Ozarks to protect all of your real estate investments.


The list of potential hazards that may threaten your right to the title of your property are practically limitless. Here is a general overview of twelve things that title insurance can help protect you from.
  • Titles are often dependent upon several different documents. If there is an error in any the way of these documents were written or recorded, your right to the title may be threatened.
  • The deed, mortgage, or sale may have been authorized by an individual who was not mentally competent.
  • One of the signatures in the closing may have been forged.
  • An unknown spouse of the seller may resurface and claim right to ownership of the property.
  • If a title claim does arise, title insurance will cover the court costs and attorney's fees required to defend your right to the property.
  • If the mortgage grantor was in bankruptcy when the deed was signed, it may be invalid.
  • The deed may have been signed by someone who has the same name as the seller, but is not actually the seller.
  • An unknown easement may grant the city or a neighbor access to use all or part of your property in an undesirable fashion.
  • If the deed or mortgage was signed by someone who was not of legal age, it may be considered invalid.
  • An unknown heir may surface and claim right to ownership of the property.
  • Your title policy will be preceded by a title search, which will aim to uncover any potential issues before the sale of the home is complete.
  • There may be outstanding liens against the property that must be satisfied before the property may be sold. These should be uncovered in the title search.
Arrowhead Title Is Your Trusted Title Resource At The Lake
If you are buying a house at the Lake of the Ozarks or commercial property, securing title insurance should be at the top of your priorities list. We have been serving the Lake Area since 1984 and would be honored to write your title policy at the Lake of the Ozarks. While an owner's title policy is not technically required, it is a valuable investment that will protect your right to your land as long as you or your heirs have a vested interest in the property. It is also the most affordable type of insurance currently on the market; title insurance is purchased with a one-time premium that is factored in your overall closing costs.

To learn more about our title services at the Lake of the Ozarks, visit our website at www.ArrowheadTitle.com. We look forward to serving you!

The Lake of the Ozarks' Most Trusted Title Company
Where Accuracy Matters!


+1 us on Google

750 Bagnell Dam Blvd Suite B
Lake Ozark, MO 65049
Location: Lake Ozark, MO, 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

9 Documents to Expect at Closing, Part 2

Image
Closing day is a date you've been looking forward to for a long time. All you have to do is get through a huge stack of legal documents without getting carpal tunnel! As the best title company at the Lake of the Ozarks , Arrowhead Title knows exactly what documents are coming your way. Last week we talked about four of the major documents you can expect on your closing date. Read on to learn about five more documents you will want to be ready to review and sign. Call Arrowhead Title for a team you can trust - we would love to help you prepare for and navigate the closing process! 5) Title Documents When you purchase your home, you are actually purchasing the right to the property. You won't technically own your home until it is paid off, but the title documents give you the legal right to the property. At this point in the closing process, the title has been thoroughly researched by the title company. During this search, any issues associated with the title should have
Read more