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Showing posts with the label Title Insurance Tips

AGENTS - Closing Checklist

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Selling and buying homes at the Lake of the Ozarks is a big undertaking for everyone involved. The buyers, the sellers, the lender, the appraiser, the inspector, and the title company at the Lake of the Ozarks must all work together to ensure that everything progresses smoothly and accurately. We talk frequently about tips for buyers and sellers to simplify the process on their end, but what about ways the real estate agents can make their lives easier?  Arrowhead Title, Inc. is here to help everyone , including the real estate agents. This week, we've put together a simple checklist to help agents avoid any issues at closing time. We hope you find it helpful! Checklist For Real Estate Agents ~~ Fill out your closing control sheet. ~~ Provide payoff information from the seller. ~~ Provide social security numbers to eliminate additional requirements. (This is often necessary when ordering payoffs.) ~~ Is there a homeowners' association? If so, provi...

What's The Purpose Of A Commitment For Title Insurance?

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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...