Arrowhead Title, Inc.

When purchasing a property, the buyer (and lender) want to KNOW that the seller has full legal right to sell the property.  A title search is important because it can uncover issues that could affect the transfer of ownership of a property.  The purpose of the title search is to discover and hopefully correct any defects or limitations attached to the property that could affect how the property can be used or that will lower its valuation.  Of all the due diligence a buyer has during the real estate transaction, the title search and title insurance policy may be the most important.  In this blog, we will talk about some of the most common things that could come up in a title search. 1) Errors in public record. Filing errors or clerical errors can occur with local government.  For example, a previous sale of the home may not have been properly recorded.  This can call into question the validity of the title.  But with records tracing, the error can be f...

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...

There are several things people to do protect themselves as homeowners, 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. This week,  Arrowhead Title, Inc.  is here to reexamine another important aspect of protecting your investment: Title Hazards.  Examples Of Title Hazards If you are new to the world of real estate, you may be wondering what types of hazards could potentially threaten homeowners in such a way that would threaten the right to use the property. Here are a few examples of the various threats that title insurance can help guard against. A  missing heir  that was named in a previous owner's will, but whose location was unknown at the time of the sale. She could eventually surface and stake claim on the property. An  unknown e...

We talk frequently about the multitude of tasks and details that must be attended to during the process of  buying real estate at the Lake of the Ozarks . We frequently mention the title search as a part of this process, but we realize that many of our readers may not have a clear, accurate understanding of the title search and how it relates to the overall real estate process. This week, we're delving deeper into the title search and the important role it plays in the process of  buying property in Camden County MO  (or anywhere else, for that matter). The Title Search - An Overview Before a home can be sold, a title search must be performed. When conducting a title search, our team carefully combs through a variety of documents and public records in search of important information that may apply to the title in question. These may include (but aren't necessarily limited to) records by surveyors, tax assessors, recorders of deeds, and county courts. Title searches...

Purchasing your Lake of the Ozarks home can come with a few unexpected expenses.  When faced with the decisions of what title insurance to choose when buying your home, count on Arrowhead Title, Inc. , to help accurately answer the questions you may have.  O&E vs Title Search As a new home buyer, the question of whether to get a full title search or an owner and encumbrance (also known as a title report) may come up in your home search process.  It is important to first understand the difference between the two.  Owner & Encumbrance Owner and encumbrance reports are simplified non-insurance title reports designed for informational purposes only.  Also known as a property report, this report is a limited search of public records.  It does not provide any insurance. However, the title search does provide valuable information concerning the property such as the property’s most recent owner, taxes owed on the property, outstanding deed of ...

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....

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 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...

We talk frequently about the multitude of tasks and details that must be attended to during the process of buying real estate at the Lake of the Ozarks . We frequently mention the title search as a part of this process, but we realize that many of our readers may not have a clear, accurate understanding of the title search and how it relates to the overall real estate process. This week, we're delving deeper into the title search and the important role it plays in the process of buying property in Camden County MO (or anywhere else, for that matter). The Title Search - An Overview Before a home can be sold, a title search must be performed. When conducting a title search, our team carefully combs through a variety of documents and public records in search of important information that may apply to the title in question. These may include (but aren't necessarily limited to) records by surveyors, tax assessors, recorders of deeds, and county courts. Title searches serve t...