Arrowhead Title, Inc.

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 liabi...

 One key step in the buying and selling of real estate is the transfer of real estate . After all, after buying or selling a home, you'd expect to be given or removed from ownership rights to the property, correct? Well, unfortunately sometimes there are issues that arise that cause issues or "title defects." These defects are referred to as a "cloud on title." Your premier title company at the Lake of the Ozarks  is here today to tell you all about "clouds" and how you can mitigate and rectify them What is a "Cloud" on Title? The term "cloud" is synonymous with "title defect," referring to any issues with a title that may cause reasonable buyers to become hesitant to purchase the property. A "cloud on title" is any item that could compromise or cast doubt on the validity of the title. Here are some examples of items that could cause a "cloud on title:" Any outstanding lien or encumbrance Recording erro...

The transfer of real estate is very complex.  One of the most important aspects of transferring real estate is proving that the current owner has the legal right to sell the property. There are multiple steps in buying and selling property that must be taken and quite a bit of paperwork that must be filled out before ownership can be transferred from one party to another.  Typically, these steps can be taken without too much trouble, but every once in a while, issues may arise that inhibit the sale of a property.  A "cloud" is an example of one such issue. What Does it Mean to have a “Cloud on Title”? Often considered synonymous with "title defect," the term "cloud on title" refers to any issue with a title that may cause a reasonable buyer to hesitate before purchasing the property.  A “cloud on title” is anything that could impair or injure the title to a property or cast doubt on the title’s validity. Examples of common clouds include (but are n...

There are multiple steps in buying and selling property that must be taken and quite a bit of paperwork that must be filled out before ownership can be transferred from one party to another. Typically these steps can be taken without too much trouble, but every once in a while, issues may arise that inhibit the sale of a property. A "cloud" is an example of one such issue. What Is "Cloud On Title"? Often considered synonymous with "title defect," the term "cloud on title" refers to any issue with a title that may cause a reasonable buyer to hesitate before purchasing the property. Examples of common clouds include (but are not limited to): Unpaid property taxes An unsatisfied mortgage lien A pending lawsuit over ownership of the property An improperly recorded deed An improperly recorded easement Improperly recorded ownership Any outstanding lien or other encumbrance What Happens If There Is A Cloud On Title? Before proper...

'Tis the season for holiday gatherings, Christmas shopping, and - unfortunately - property taxes.  While it's safe to assume that no one looks forward to paying their property taxes, keeping up with these payments is absolutely essential.   Arrowhead Title, Inc.   is here to help you understand your property taxes and what happens if you fail to pay them. What Is Personal Property Tax? Personal property tax is a tax that is levied against tangible property that you owned at some point during the tax year. Examples of tangible property include houses,  land, additional properties, boats, waverunners, cars, trucks, RVs, and motorcycles. Exactly where and how your tax dollars will be used may vary slightly by state and county, but generally recipients may include: Local road districts The local library The State The County The local fire district The local schools Local senior citizens What Happens If I Don't Pay My Personal Property Tax? Tax paymen...

If you know anything about real estate, you know that there is a lot more to  buying and selling property  than simply handing over the keys. There are multiple steps that must be taken and quite a bit of paperwork that must be filled out before ownership can be transferred from one party to another. Typically these steps can be taken without too much trouble, but every once in a while, issues may arise that inhibit the sale of a property. A "cloud" is an example of one such issue. What Is "Cloud On Title"? Often considered synonymous with "title defect," the term "cloud on title" refers to any issue with a title that may cause a reasonable buyer to hesitate before purchasing the property. Examples of common clouds include (but are not limited to): Unpaid property taxes An unsatisfied mortgage lien A pending lawsuit over ownership of the property An improperly recorded deed An improperly recorded easement Improperly recorded ownership...

If you know anything about real estate, you know that there is a lot more to buying and selling property than simply handing over the keys. There are multiple steps that must be taken and quite a bit of paperwork that must be filled out before ownership can be transferred from one party to another. Typically these steps can be taken without too much trouble, but every once in a while, issues may arise that inhibit the sale of a property. A "cloud" is an example of one such issue. What Is "Cloud On Title"? Often considered synonymous with "title defect," the term "cloud on title" refers to any issue with a title that may cause a reasonable buyer to hesitate before purchasing the property. Examples of common clouds include (but are not limited to): Unpaid property taxes An unsatisfied mortgage lien A pending lawsuit over ownership of the property An improperly recorded deed An improperly recorded easement Improperly recorded owners...