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Showing posts from 2021

Real Estate Closings - What Role Does My Title Company Play?

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A real estate transaction can be a complex exchange involving many parties and multiple legal issues.   That is why the closing itself is handled by an experienced neutral party.   At Arrowhead Title we have been in business since 1984 handling all aspects o f real estate closings at the Lake of the Ozarks . To us, the process is familiar, but to most of our clients, it can be intimidating.   We are big believers in educating our clients, so in this week’s blog, we wanted to talk about the role a title company will play in your real estate closing. Research The process will start with your title company doing a deep dive into public records to determine the history of the property in the form of a title search.   This is very important and thorough research to determine things like: -Easements or restrictions on the property -Unpaid assessments or real estate taxes -Outstanding mortgages or liens -Outstanding judgements -And ultimately, the seller’s legal rights to the

Title Searches, Title Reports and Title Commitments - How They Work Together

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During a real estate closing at the Lake of the Ozarks , the title search, the title report, and the title commitment will all be handled by your title company.  Each one of these plays a specific role in the process, but while each has a different purpose, they all work together. As your trusted title company at the Lake of the Ozarks since 1984, it is our mission to educate clients so they have all the information they need when making important decisions.  That is why we wanted to talk about the purpose behind a title search, a title report and a title commitment.  Read on to learn more! Title Search. A title search is a detailed examination of extensive public records to find all the available data about the specific parcel of property you are purchasing and all of its previous owners. The reason for the title search is to uncover any problems or potential issues with the property that would make it no longer worth buying for the price.   The title search will help determine

Why Life at the Lake of the Ozarks is Appealing to So Many

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As a title company at the Lake of the Ozarks  since 1984, we have always known what a special place the Lake of the Ozarks is.  We have helped countless people realize their dream of owning a lake home by helping them through the entire process of closing on a house at the Lake of the Ozarks .  We know exactly why people are so excited to be making the move here.  Read on to hear a few of the top reasons. Nature The Lake of the Ozarks area is known nationwide for its natural beauty.   It was voted #1 Recreational Lake in America and second most beautiful place in the country for fall foliage. From the rivers and bluffs to the springs and caves, and everything in between the Ozark mountains are truly a sight to see.   You can enjoy the natural beauty by hiking on one of the many state park trails, cruising by car or motorcycle, relaxing on the lake, floating down a river, or exploring a public cave. If you are a nature lover, the Lake of the Ozarks has something for you to enjoy in

What is the Difference Between an Easement and Property Encroachment?

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Whenever you are in the process of looking for a home to buy at the Lake of the Ozarks , understanding and being aware of easements and encroachments can be important to knowing what property you are actually buying, and how you (and others) may be able to use it.  Both easements and encroachments involve one person using land that does not technically belong to them.  The simple difference between the two is whether permission is granted to do so.  Either way, if you purchase a piece of property with an encroachment or easement, you may be limited in how you can use that property.  Easement. Easement is a legal way that someone may use another person’s land, with permission.   This is routinely seen with shared driveways, utility lines and infrastructure, shared paths or walkways, etc.   It can even be done when it is discovered that a neighbor unknowingly built his deck or addition on your property IF BOTH PARTIES are agreeable to it.   The easement can be for a set number of yea

5 Things That Can Come Up In a Title Search (and Why You Want Arrowhead By Your Side)

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When purchasing a property, the buyer (and lender) want to KNOW that the seller has full legal right to sell the property.  A title search is important because it can uncover issues that could affect the transfer of ownership of a property.  The purpose of the title search is to discover and hopefully correct any defects or limitations attached to the property that could affect how the property can be used or that will lower its valuation.  Of all the due diligence a buyer has during the real estate transaction, the title search and title insurance policy may be the most important.  In this blog, we will talk about some of the most common things that could come up in a title search. 1) Errors in public record. Filing errors or clerical errors can occur with local government.  For example, a previous sale of the home may not have been properly recorded.  This can call into question the validity of the title.  But with records tracing, the error can be found and corrected by a good title

Exciting Shootout Events to Enjoy BEFORE the Shootout Races!

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As a title insurance company at the Lake of the Ozarks since 1984, Arrowhead Title loves the lake as much as our clients do, and we enjoy sharing with them things to and ways to get involved in the community.  Today’s blog is all about that.  The annual Shootout is coming up this month.  Shootout activities will start in just one week and there is WAY more to the Shootout than the races themselves.  It is all about raising money for local charities and the Lake of the Ozarks makes sure there is something for everybody to participate in during this beloved event.  So, we thought we would share a breakdown of the activities leading up to the races for you. You can also go to https://lakeoftheozarksshootout.com/events/ for more information. photo credit: Fun Lake MO Friday, August 20 th “Run What Ya Brung” Poker Run – Registration starts at 8:30am at Captain Ron’s and stops also include Nauti Fish, Larry’s on the Lake, Paradise, Red Head, and Dog Days. Mini Shoutout Meet and Gre

Closing Costs – What to Expect

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Most people will only do a few real estate transactions in their life, but at Arrowhead Title , we handle countless real estate closings each year.  As a title company at the Lake of the Ozarks since 1984, we know that when buying real estate for the first time, many people are surprised by the unexpected costs they are responsible for paying in the closing process.  So, we wanted to talk about what those costs are and what they are for, to help you prepare for buying a home at the Lake of the Ozarks . Costs associated with the property. In the process of making sure you are buying what you think you are buying, there are several things that have to be done, and each one comes with its own cost.   There will be an appraisal fee as well as a charge for the home inspection(s).   There will also be a cost for the title search and the title insurance policy. Costs associated with the mortgage. These are costs associated with proving to your lender that you have the ability to pay

5 Specific Children’s Charities that Benefit from the Great Dam Duck Drop

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Many people know about the upcoming Great Dam Duck Drop on August 8 th (and the golf tournament on August 7 th ). For many, the best part of the event is the chance to win the $5000 for the winning duck.  But the Duck Drop is about much more than bringing the community together for a weekend of fun and prizes.  As a Title Company at the Lake of the Ozarks since 1984, at Arrowhead Title we think it is actually about the fundraising and the multitude of opportunities those funds provide for local children’s charities. As, you can read on the Great Dam Duck Drop website, all funds raised remain local and are distributed to non-profit organizations via the Ozark Coast Kiwanis Organization.   While we can’t talk about each one in a short blog, we would like to give you a little more information about what some of these charities do and where your donations will go when you buy a duck drop ticket or make any type of donation to the Great Dam Duck Drop. 1) Wonderland Camp. Wonderland

Tips to Help You Prepare When Selling Your Home at Lake of the Ozarks

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It is always exciting to think about selling a home and starting a new chapter in life.  We understand that you have a lot of time, money and memories invested in your home and you want the sale to go as smoothly as it can and make as much money as possible.  At Arrowhead Title , we help a lot of clients through the process of selling a house at the Lake of the Ozarks .  So, we thought we would share with you several things you can do to prepare your home for sale that will help you in that goal.  photo credit: Fun Lake MO Curb Appeal. Because curb appeal has a huge effect on the buyer’s first impression, it is worth the effort you put into it.   First, inspect your lawn and landscaping to make sure it looks well maintained and inviting.   You might add some brightly colored flowers for a pop of color and some potted plants to frame the doorway or front porch.   Remove toys and garden tools and anything that could be distracting or look cluttered.   Make sure everything looks clean

Common Myths About Title Insurance You Should Know Before Buying a House

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Title insurance is different in some ways that most types of insurance policies, and there are a lot of misconceptions about it.   Many people are not exactly clear on what it is, what it does, how it works, and whether they really need it.   With decades of experience as a title agency at the Lake of the Ozarks , we thought we would shine some light on some of those myths and bring you the facts. If lendor title insurance is all that is required – it must be all I need. The lendor’s title insurance required by your bank is to protect them, not you.   They require clear title in case they have to recover their funds in case you default on the loan. But you are still vulnerable and liable for any title defects that may come up even years after purchasing your home.   While the bank does not require you to protect yourself from a very costly and devastating threat to your property rights, that certainly does not mean that it is okay for you to leave yourself open to such risk. If