Arrowhead Title, Inc.

A few months ago, we used two blog posts to explore many of the vocabulary words found throughout our industry. Our goal was to help make it easier for people preparing to buy/sell real estate, order a title search, and navigate any other real estate transaction. This week, Arrowhead Title, Inc. is offering a fun, simple quiz to see if any of it stuck. No cheating! QUESTIONS  1. What Does "Adverse Possession" Mean? A.  Someone legally claiming ownership of a property after living there for several years. B.  Someone passing ownership of a property to an heir, C.  Someone refusing to sell a piece of property. 2. What Is An "Easement"? A.  Something that simplifies the transaction process. B.  Something that complicates the transaction process. C.  A legal right to use part of someone else's property for a specific purpose. 3. What Is A "Cloud On Title?" A.  White-out on the title or deed. B.  Something that may hinder the...

The title industry is vast and complex, with a unique vocabulary all its own. Last week, Arrowhead Title, Inc. took it upon ourselves to help you decipher some of our industry's terms so that you can feel more confident as you navigate your real estate transactions. This week, we're continuing the conversation with some additional terms you are likely to encounter while selling or buying property at the Lake of the Ozarks .  Common Title Terms - Explained Quiet Title A quiet title suit is a legal process designed to cancel and/or "quiet" unenforceable claims that have created a cloud on a title . Restrictive Covenant / Restriction A restrictive covenant is a limitation of the use of a specific piece of property. It may be imposed by deeds or other documents that appear within the chain of title. Settlement Also referred to as "closing" or "close of escrow," a settlement is the time during which the sale of a piece of real property is...

The title industry is one of the most complex industries pertaining to real estate. Title experts use an extensive vocabulary riddled with terms unique to our industry, and it can be overwhelming and confusing to lay persons seeking title assistance for the first (or even the second or third) time. At Arrowhead Title, Inc. , we recognize the challenge this type of language barrier presents. In an effort to overcome these communication difficulties, we are dedicating this week's blog to defining some of the title terms used in most transactions. Common Title Terms - Explained Abstract of Title An abstract of title is a summary of all the public records pertaining to a specific piece of property. In order to be considered legally valid, it must be prepared by a licensed abstractor. Adverse Possession Adverse possession is the process wherein someone may legally claim ownership of a piece of property if they have occupied it for a certain number of years. Certificate of T...