Showing posts from March, 2019

What is a Title Contingency & How Does it Relate to the Home-Buying Process?

Buying a home is a detailed process, one that includes many steps that must be taken by both the home buyer and by the seller of the home.  In this article, we will discuss the steps that your title company must take as well, and why you should rely on your title company when purchasing a home.  At Arrowhead Title, Inc. , your number one title company at the Lake of the Ozarks, we are here to help you fully understand the home buying process and the role your title company plays in the purchase of your new home. Buying a home is a huge investment, so it makes sense that there are many more rules regarding the purchase of a home than the purchase of other items.  When you put an offer on a house, you do so through a home purchase agreement wherein there are several things a seller must do or agree to do before you, as the buyer, are willing to purchase the home.  In addition, you as the buyer must make agreements with the seller before the home sale can be finalized.  The home

What A Seller Disclosure Covers & Why You Still Need Title Insurance

As a potential home buyer at the Lake of the Ozarks , there are things you want to know about the property you are looking to purchase. As your number one title insurance company at the Lake of the Ozarks, Arrowhead Title, Inc. would like to use this blog to give you a bit of information on seller disclosure forms, what they cover, and why you should get title insurance for your new Mid Missouri home. Shortly after you have made an offer on a home, you should receive a document known as a seller disclosure. This is a document that contains all the information that the seller is aware of pertaining to the condition of the property. Read this carefully and have your real estate agent look over it as well.  What is a Seller Disclosure Form? The point of the seller disclosure form is to inform new buyers of exactly what they are getting. Seller disclosure forms are usually in the form of a checklist compiled by the government where sellers can check off if their home has ever h

Here's Why a Title Search is so Important

We talk frequently about the multitude of tasks and details that must be attended to during the process of  buying real estate at the Lake of the Ozarks . We frequently mention the title search as a part of this process, but we realize that many of our readers may not have a clear, accurate understanding of the title search and how it relates to the overall real estate process. This week, we're delving deeper into the title search and the important role it plays in the process of  buying property in Camden County MO  (or anywhere else, for that matter). The Title Search - An Overview Before a home can be sold, a title search must be performed. When conducting a title search, our team carefully combs through a variety of documents and public records in search of important information that may apply to the title in question. These may include (but aren't necessarily limited to) records by surveyors, tax assessors, recorders of deeds, and county courts. Title searches serve

Why Would I Need a Title Search vs Owners and Encumbrance

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