Showing posts from April, 2021

What’s Right for Me, Owners & Encumbrance or Full Title Search?

  Are you thinking of purchasing a home at the Lake of the Ozarks ? If so, you may be faced with the decision of a title report (also known as owners & encumbrance) or getting a full title search with title insurance. Buying a home has many intricacies, some of which can come with unexpected fees if you’re not prepared. In this week’s blog, the best title company at the Lake of the Ozarks , Arrowhead Title, is going to share a little information to help you decide which route is best for you. Obtaining a owners & encumbrance report or a full title search. Read on to learn more! Understanding the Difference When buying a new home, knowledge about the property is one of the most valuable things you can have BEFORE the purchase. You may find yourself with the option of choosing a owners & encumbrance report (aka title report) or getting a full title search. In order to know which is best for your buying situation, it’s necessary to understand both terms and what they provi

What’s the Difference: Title Commitment vs. Title Report

As your trusted title company at the Lake of the Ozarks , Arrowhead Title strives to educate clients about real estate title, escrow, and closing services so that they make informed decisions on their transactions. With that being said, do you know the difference between a title commitment and a title report? If not, this week’s blog will help to distinguish the two. Read on to learn more! A Title Commitment Simply, a commitment from the title agency to issue title insurance to the lender when financing the purchase of a home on behalf of a borrower. This commitment is issued after the title company has thoroughly reviewed public records through a title search. Ensuring that there are no potential pitfalls in prior ownership history or existing liens. This commitment will outline the conditions and exceptions that the company will cover in the insurance policy. Commitment Conditions: are requirements that must be met for the title insurance policy to be issued. Commitment Exce