Arrowhead Title, Inc.

 At Arrowhead Title, we see the joyful faces of countless people as they achieve their dream of purchasing a home at the Lake of the Ozarks .  We totally get it too!  We LOVE living at the lake!  Partly because there is so much to do and see here.  We thought you would be interested in the exciting events happening at Lake of the Ozarks  this weekend… starting tonight! 5/14 - Hot Summer Nights https://bit.ly/3tO94tV This car show is a local favorite featuring motorcycles, cars, and trucks of all ages, makes, and models. The theme this year is “A Slice of Americana” and the Strip will be transformed into a scene of pure nostalgia as classic vehicles line the Strip and take turns cruising.   Admission is free – for spectators and participants!   5/14 – In Water Boat Show https://bit.ly/2Rbi9Qh If you have never been to an in-water boat show this is one you should not miss.   There will be vendors with all the latest and greatest m...

Imagine going through the whole process of buying a home , moving and settling in, and then finding out a year down the road that you don't actually own the home due to an improperly filed titling issue. How could you have known or avoided such a mishap? Everything seemed so clear and smooth during the closing process. But then someone asks if you had a title search done or purchased title insurance , and you slowly blink in response. And this is where it all begins to make sense... this is why you shouldn't have declined title insurance. While some may feel like title insurance is an unnecessary expense, the one-time upfront cost of coverage can be the one thing that can save your property rights in the event of a dispute or titling error. The peace of mind alone is worth it! So how does a title company determine whether a title is valid? This week, we're sharing with you some of the things we look for and the steps we take to ensure a clean title. What Do We Look F...

Title insurance offers homeowners many great benefits.  Because of this, it is quite possibly one of the most valuable purchases in homeownership you will ever make.   While they may not be tangible or as easily identifiable, the advantages of title insurance are substantial. Here is a quick look at 4 of the benefits, courteous of the team at  Arrowhead Title, Inc. 1. Preventative Assistance A title search is conducted before a title policy is ever issued.  The goal of this search is to uncover any problems before the sale of the home closes. If issues are revealed, the buyers and sellers will have an opportunity to resolve them before the closing date. Depending on the severity of the issues, the buyers may choose to walk away from the deal altogether. 2. Protection From Unforeseen Problems Before a title policy is issued, the agency conducts a thorough title search in an attempt to uncover any potential issues with or threats to the title in question....

As a homeowner, there are several things you can do to protect your investment, such as thoroughly reviewing the inspection to identify potential issues and purchasing homeowners insurance to guard against the financial loss that may result from a fire or natural disaster. These two examples aren't the only pieces to the puzzle. However,  Arrowhead Title, Inc.  is here to reexamine another important aspect of protecting your investment. How Title Insurance Protects Your Investment Title insurance provides one-of-a-kind protection for property owners and lenders. Whereas other types of insurance focus on the potential of financial loss relating to the property itself, title insurance guards against financial loss that may relate to a owner's right to use and occupy his land. It also protects lenders' investments by guarding against owners who may default on their mortgage loans. Before a title policy is issued, your  Lake of the Ozarks title company  will condu...

Title insurance offers financial protection against title problems that might not be found in the public records, are inadvertently missed in the title search process or that may arise from fraud or forgery. The title policy required by a lender covers only the lender’s interest in a property. That's why it's strongly suggested that every buyer purchase title insurance that covers their interest as well. The homeowner’s policy, purchased at closing, provides coverage for the homeowner. If your home’s title is challenged, based on a situation covered in the policy, the title insurer will either perfect (establish a valid title) or pay for defending against the challenge and will either make perfect the title or cover the costs in the case of a valid claim. Types of Owner's Policies There are two types of Owner’s title insurance policies certified by the American Land Title Association® (ALTA®) – the Owner’s policy and the Homeowner’s policy. The Owner’s policy prot...

Title insurance is arguably one of the most poorly understood forms of insurance. Many homebuyers hear about it as they prepare to purchase their homes, but they don't understand its true purpose - they simply accept it as a normal part of the closing costs. Nevertheless, securing  title insurance at the Lake of the Ozarks  is a critical part of the home buying process. Today,  Arrowhead Title, Inc.  is here to help by answering some of these common questions about title insurance. 1. What Is Title Insurance? Title insurance, as its name suggest, insures the title to a property. It is homeowners' first line of defense against hazards that may threaten their right to their property, such as unknown heirs, unauthorized signatures, mistakes in public records, invalid power of attorney, etc. Essentially, title insurance protects your (and your heirs') right to use and occupy the land. 2. How Much Does Title Insurance Cost? Actual costs vary from state to state an...

When  closing on a real estate transaction , there are a lot of steps that must be taken and processes that must be completed to ensure a smooth and timely closing. Often times, transactions go so smoothly, in fact, that the buyers and sellers think it's too easy and may wonder if there's more that should be taking place or that they should be doing. What they don't see is all the work that gets put into the transaction on the back end of the deal by a  Lake of the Ozarks escrow agent . So here are the basic steps of closing on a real estate transaction behind the scenes. Starting the Process A sales contract is signed by the buyer and seller and delivered to the closing agent, usually with a deposit check. The escrow is accepted by the escrow agent, often by written notation on the contract. The escrow agent starts the closing process by opening a title order. The file begins to be processed. Tax information, loan payoffs, survey, homeowner/maintenance fees, inspecti...

Title insurance is generally considered one of the least-understood forms of insurance, but that does not mean it is any less important. Title insurance works to protect us as we purchase what is often one of the biggest investments of our lives: our homes. This week, the team at our trusted Lake of the Ozarks title company is here to help you get a better understanding of what exactly title insurance is and why it is such a crucial part of the home buying process. TITLE INSURANCE - Owner's vs Lender's Policies Before we delve into the specifics of an owner's policy, we need to make a quick clarification. Title insurance comes in two predominant forms: owner's policies and lender's policies: The Lender's Policy, as its name suggests, serves to protect the lender as he/she make the initial investment on your home. In the event of a defective title or a homeowner who is unable to make their required mortgage payments, the lender's policy will provide...

The title industry is vast and complex, with a unique vocabulary all its own. Last week,  Arrowhead Title, Inc.  took it upon ourselves to help you decipher some of our industry's terms so that you can feel more confident as you navigate your real estate transactions. This week, we're continuing the conversation with some additional terms you are likely to encounter while selling or  buying property at the Lake of the Ozarks .  Common Title Terms - Explained Quiet Title A quiet title suit is a legal process designed to cancel and/or "quiet" unenforceable claims that have created a  cloud on a title . Restrictive Covenant / Restriction A restrictive covenant is a limitation of the use of a specific piece of property. It may be imposed by deeds or other documents that appear within the chain of title. Settlement Also referred to as "closing" or "close of escrow," a settlement is the time during which the sale of a piece of real property is...

The title industry is one of the most complex industries pertaining to real estate. Title experts use an extensive vocabulary riddled with terms unique to our industry, and it can be overwhelming and confusing to persons seeking title assistance for the first (or even the second or third) time. At  Arrowhead Title, Inc. , we recognize the challenge this type of language barrier presents. In an effort to overcome these communication difficulties, we are dedicating this week's blog to defining some of the title terms used in most transactions. Common Title Terms - Explained Abstract of Title An abstract of title is a summary of all the public records pertaining to a specific piece of property. In order to be considered legally valid, it must be prepared by a licensed abstractor. Adverse Possession Adverse possession is the process wherein someone may legally claim ownership of a piece of property if they have occupied it for a certain number of years. Certificate of Title ...

If you've recently purchased a home and didn't buy title insurance, you may run into some unforeseen issues in the future that you have no protection from. Title insurance is there to protect your interest in the event that something from the property's past comes to light that threatens your right of ownership to that property. There are several potential hazards that a new homeowner may face. This week, Arrowhead Title will be focusing on easements to better help you understand how they can affect your use and rights to a property. What is an Easement? An easement is a legal right to use another's land for a specific limited purpose. In other words, when someone is granted an easement, he is granted the legal right to use the property, but the legal title to the land itself remains with the owner of the land. Most commonly, easements are granted to utility companies to run power lines and cable lines. However, you may also grant an easement to your neighbor i...