Showing posts from September, 2021

What are Title Clouds and What Can Be Done About Them

When we conduct a real estate closing at the Lake of the Ozarks , our job is not just to oversee the handing over of the keys to the house.   We are there to make sure the actual legal ownership of the property officially and completely transfers from the seller(s) to the buyer(s).   If there is any question or limitation on the seller’s right to own the property, the buyer may not be get the full ownership they expect.   Whenever there is a doubt or question as to the property’s ownership, it creates what is called a title cloud. If you would like to learn more about clouds and what can be done about them, keep reading! Clouds. A cloud on title is also known as a title defect.   The title to your house is the document that proves the homeowner has the legal right to own the property.   When there is a cloud on the title it indicates there is some question on who owns the home, whether they are free to use the property as they wish, or if there is some liability for the potential b

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

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

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

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