Does a New Construction Need Title Insurance?
Buying a newly constructed home has a special, extra level of excitement connected to it. With brand new appliances, unused bathrooms, and unscathed walls, your brand new home will be an exciting prospect. You may be thinking that you don't need title insurance for the property. You will be the very first owners of the home after all! This is not exactly true. At Arrowhead Title , our experts are the best title agents at the Lake of the Ozarks and we know there are a lot of important reasons to get title insurance for your new construction. Read on to learn more! Land Ownership If your new home is in a subdivision, it will be important to make sure that the parcels of land were correctly divided at the beginning. Your brand new house has never been lived in or owned by someone else, but the land may have a complicated history that could threaten your property ownership. If there is fraud, forgery, or unresolved liens on the land, you could end up having to pay large fines t