Arrowhead Title, Inc.

If you've been thinking about buying a house, it's time to educate yourself on the process. Buying a home is a ton of fun, but it is also a complicated process with a lot of details that must be met. Your real estate agent will be able to guide you through the process, and our  title experts at the Lake of the Ozarks  will be here to fill in the gaps wherever we can. This week, we want to look at one particular aspect of the home purchase agreement: the title contingency. What Is A Contingency? Before we look specifically at title contingencies, let's back up and look at contingencies in general. When you submit an offer on the house, you do so through a proposed home purchase agreement. This agreement outlines several details of your proposed sale, including the purchase price, closing date, any specific items that should be included in the sale, and your desired contingencies. Contingencies are conditions that must be met in order for the contract to be considere...

Title insurance may not be as well-known or as well-understood as other types of insurance, but it is equally (if not more!) important. Title insurance protects your property investments in the event that someone else decides to stake a claim on your personal property. Having an accurate, experienced title insurance company on your side during any commercial or residential estate transaction can make all the difference. Check out some of the benefits you'll reap by getting title insurance. Background Information By purchasing real estate, you are essentially purchasing the legal right to use and occupy the land. When you make this purchase, you are given the "title," to the land. The term "title" can refer to your rights surrounding the use and ownership of the land or it can refer to the physical document (the deed) that declares you the rightful owner. Protection Sometimes, title issues can arise. Titles can be limited by others staking claim over ...

It's time! After months of searching and negotiating, you've finally found your dream home and come to an agreement with the sellers. You know how much you're paying for the home and what is included in the purchase, and your loan approval process is well underway. Should be smooth sailing from here, right? Hopefully, yes, but there is one last step standing in between you and the purchase of your home: the commitment for title insurance . This detailed report will provide you with a description of the current owner of the home and any outstanding liens and encumbrances that may be placed on the title. Before continuing with the purchase of your home at the Lake of the Ozarks , it is important to look over the commitment for title insurance thoroughly and make sure there aren't any major issues with the property. What's Contained In A Commitment For Title Insurance? The commitment report contains valuable information about the state of the title and out...