Posts

Showing posts with the label Issues on Titles

Could my Closing Date be Delayed?

Image
Arrowhead Title is the best title agency at the Lake of the Ozarks , and we are experienced in every type of real estate transaction. Today we have some great information on why your closing date might have to be delayed. It's never fun to have to change plans at the last minute, so being prepared can help you avoid these common issues. Read on to learn more! 1) Aggressive Timeline Once you've made an offer on the house of your dreams and it has been accepted, then it is time to pick a closing date. If you are a first-time homebuyer, you may be surprised to find how far out this date can be. You have to make sure to provide enough time for the underwriters to request, receive, and review the materials they need. It is also important to allow inspectors and appraisers adequate time to perform the necessary inspections and report their findings. This timeframe can be about one and a half to two months depending on the details of the sale. Plan for issues to come up ...

How Can A Property Lien Affect Home Ownership?

Image
Although liens are common in the real estate world, they're often overlooked by home-buyers because they don't understand the implications that can arise from such things on a deed. Unfortunately, the failure to anticipate and settle outstanding liens before closing can lead to delayed or derailed deals. Worse, undiscovered liens can cause years of legal problems after a sale. What is a Lien? A lien is a right to keep possession of property belonging to another person until a debt owed by that person is discharged. Liens on real estate are a common way for creditors to secure debts that are owed to them. A property lien is a notice attached to your title informing everyone that you owe money. In today's blog, your Lake of the Ozarks title company explains the implications of having a lien on your property. Selling Your Property When you have a lien on your home, you are not able to sell it. In order to sell or refinance your home, you must have a clear title. Hav...

Issues To Resolve BEFORE Selling Your Home

Image
The decision to sell your home is a big one that should not be taken lightly. Your home is likely your greatest financial asset, and you'll want to be confident that you are maximizing your investment. Under the right circumstances, selling your home can be a great way to improve your financial situation. In order for this to happen, two primary conditions need to be met: The market should to be in a favorable position for sellers - that is, there should be an abundance of interested buyers. All potential issues that may hinder the sale of your home should be addressed before it is listed. Our Lake of the Ozarks title company is here to help you maximize your investment by ensuring that these conditions are met before you sell your home. Getting The Market In A Favorable Position Let's cut to the chase. As a homeowner, there is little you can do to impact the condition of the housing market. However, you can (in many situations) choose when to sell based on t...