Arrowhead Title, Inc.

An important part of buying a home at the Lake of the Ozarks is to ensure your investment is protected. Consider this: in order to take out a loan to obtain the home, your lender will require a lender's title policy to be purchased to protect their interest. If your lender requires it to make the loan, wouldn't that be a good indication that it's probably important for you as the homeowner to invest in a homeowner's policy to protect YOUR interest? For the sake of ensuring you have full rights and clear ownership to the property, it's essential to make sure you get a title insurance policy . Keep reading to learn more about some of the advantages title insurance offers. Protection Of Your Largest Asset Your home is unarguably the largest investment you will ever make. Even if you buy expensive cars and/or expensive boats, these types of purchases will probably never truly compare to the initial purchase price of your home. Not only that, but as home prices co...

Your home is an  hugely  important part of your life. Not only is it a safe place to live and raise a family, it's a major financial asset. With so much invested in your home, it seems only right that you should protect it in every way you can.  Title insurance  is a great way to protect your home from unforeseen hazards that can threaten your ownership of the property. Title insurance cannot protect your equity and your home from matters that do not appear in the public records, but an owner's  title insurance policy at the Lake of the Ozarks  CAN protect you from a vast array of potential hazards. 50 Things Your Title Policy Can Protect You From Documents executed under false, revoked, or expired powers of attorney. Conveyances by an heir, devisee, or survivor of a joint estate who attempts to attain title by ill-gotten means. False impersonation of a true land owner. Deeds which appear absolute, but which are held to be equitable...

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...

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...

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 an owner's right to use and occupy his land. If you are new to the world of real estate, you may be wondering what types of hazards could potentially threaten homeowners in this way. Here are 7 defects that could negatively affect your title. 1. Ownership Interest When you purchase or otherwise come into ownership of real estate, you gain an ownership interest in it. Ownership interests in real estate can be solely held or divided among several people. You can convey your ownership interest, but you can't compel any fellow owners to sell their ownership interests in a jointly owned house, nor can you sell the entire house without their permission. This is a common issue that arises with ownership interest. 2. Improperly...

If you have been following our blog or social media, you are probably comfortably familiar with the importance of purchasing title insurance when buying a home. Title insurance is what protects your right to use and occupy the land you purchase by guarding against hidden hazards that may arise. Examples of these types of hidden hazards can include anything from invalid sales and unauthorized signatures to undiscovered heirs and mistakes in public records. Buying A Home Title insurance comes in two primary different forms: owner's polices and lender's policies. As their names suggest, owner's policies are specifically designed to protect the owner's interests, whereas lender's policies are designed to protect the lender's interests. When you take out a mortgage loan to purchase home, securing a lender's title policy will most likely be nonnegotiable. You will technically have a choice as to whether or not you wish to purchase an owner's title po...

Buying a home at the Lake of the Ozarks comes with a lot of associated expenses. Insurance, appraisal and inspection fees, and closing costs can add up quickly in the beginning. Even after you have closed on your new home, you'll have to shoulder the financial responsibilities of your new mortgage payment, utilities, any necessary repairs/maintenance.  Faced with so many expenses, many homebuyers (understandably) want to cut costs wherever possible by skipping any expenses that aren't mandatory. An example of one such elected cost that homebuyers sometimes want to eliminate is the owner's title policy. However, skipping this purchase can be prove disastrous down the road. Keep reading to find out why you should consider buying an owner's title policy at the Lake of the Ozarks . Owner's Title Policy vs Lender's Title Policy There are two primary types of title policies: owner's policies and lender's policies. A lender's title policy protects...

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 provi...

Your home is an  hugely important part of your life. Not only is it a safe place to live and raise a family, it's a major financial asset. With so much invested in your home, it seems only right that you should protect it in every way you can. Title insurance is a great way to protect your home from unforeseen hazards that can threaten your ownership of the property. Title insurance cannot protect your equity and your home from matters that do not appear in the public records, but an owner's title insurance policy at the Lake of the Ozarks CAN protect you from a vast array of potential hazards. 50 Things Your Title Policy Can Protect You From Documents executed under false, revoked, or expired powers of attorney. Conveyances by an heir, devisee, or survivor of a joint estate who attempts to attain title by ill-gotten means. False impersonation of a true land owner. Deeds which appear absolute, but which are held to be equitable mortgages. Undisclosed heir...

Homes are often the largest purchases most people make in their lifetimes. People spend hundreds of thousands (if not millions) of dollars on their homes at the Lake of the Ozarks . With so much money at stake, it's easy to see why protecting your investment is so important. As your trusted title professionals at the Lake , Arrowhead Title, Inc. is here to help you learn how to do just that. The Title Search The first step is to choose a title company at the Lake of the Ozarks . When clients come to us to help them with their residential real estate transactions, we spend hours upon hours pouring through the public records to find all pertinent information relating to the property. This type of information includes (but is not limited to): Outstanding deeds of trust Liens against the property Owner history Tax information Restrictions on the use of the property The goal of the title search is to unearth all the information a prospective buyer needs to know abo...

Title insurance comes in two main forms: lender's policies and buyer's policies. While similar, these two policies offer distinctly different services for the parties they serve. If you're planning on buying a Lake of the Ozarks home in 2015, it's important that you know the difference between these policies. Lucky for you, Arrowhead Title, Inc. is here to help! Owner's Policy In the world of title insurance, the owner's policy essentially protects you, the owner of the property, from unforeseen issues down the road. Owner's Title Insurance is purchased at closing for a one-time fee. After this upfront payment, both you and your heirs will be protected from any problems that may arise in the future for as long as you or your heirs and an interest in the property.  The best part? If/when a situation arises that requires the protection of your owner's policy, those issues will be handled at no additional cost to you. Owner's policies o...