Arrowhead Title, Inc.

Title insurance is different in some ways than most types of insurance policies, and there are a lot of misconceptions about it.   Many people are not exactly clear on what it is, what it does, how it works, and whether they really need it.   With decades of experience as a title agency at the Lake of the Ozarks , we thought we would shine some light on some of those myths and bring you the facts. If lendor title insurance is all that is required – it must be all I need. The lendor’s title insurance required by your bank is to protect them, not you.   They require clear title in case they have to recover their funds in case you default on the loan. But you are still vulnerable and liable for any title defects that may come up even years after purchasing your home.   While the bank does not require you to protect yourself from a very costly and devastating threat to your property rights, that certainly does not mean that it is okay for you to leave yourself open ...

Buying a home can be a confusing and intimidating process. Arrowhead Title is here to calm your fears and help you through some of the more complicated aspects. We are the best title company at the Lake of the Ozarks , and our experts are always happy to help wade through the legal jargon you may find in the documents involved in your home purchase. One of those documents is the title report. Many people aren’t aware of how important this report is to the purchase of your home. Today’s blog is going to cover the basics of a title report and why you will be happy you hired Arrowhead Title for your search. What is a Title Report? A title report is a document that includes the legal history about the home you want to buy. Sometimes it is called an “abstract of title” instead, but they are the same document. Title reports are compiled by your title company (that’s us!) from an in-depth search of public records. We will search using multiple different factors in order to ensure...

As a potential home buyer at the Lake of the Ozarks , there are things you want to know about the property you are looking to purchase. As your number one title insurance company at the Lake of the Ozarks, Arrowhead Title, Inc. would like to use this blog to give you a bit of information on seller disclosure forms, what they cover, and why you should get title insurance for your new Mid Missouri home. Shortly after you have made an offer on a home, you should receive a document known as a seller disclosure. This is a document that contains all the information that the seller is aware of pertaining to the condition of the property. Read this carefully and have your real estate agent look over it as well.  What is a Seller Disclosure Form? The point of the seller disclosure form is to inform new buyers of exactly what they are getting. Seller disclosure forms are usually in the form of a checklist compiled by the government where sellers can check off if their home has ev...

Title insurance at the Lake of the Ozarks has some very distinct differences from other types of insurance. Whereas other types of insurance protects against future events (such as hailstorms, floods, or fires), title insurance protects policy holders from loss against hazards and defects already in existence  but currently unknown (such as undisclosed heirs or invalid powers of attorney). Other types of insurance also require monthly premiums for the duration of the policy, whereas title insurance only requires a one-time, upfront premium. Title Search & Examination Is The First Step Insuring a home's title begins with a search of the public land records affecting the property. Your Lake of the Ozarks title professional will examine all pertinent documents to determine whether or not the property is insurable. Examples of these types of documents include: Outstanding Mortgages & Judgments Pending Legal Actions Deeds & Wills Notary Acknowledgments Utili...

When you hear the term " title insurance ," what comes to mind? Do you think you know what it means? Title insurance is arguably one of the least understood aspects of the home closing process. We have found that most people either respond to the questions above with blank stares, vague responses, or incorrect information. Today, the team at Arrowhead Title, Inc. is here to clear up some of the misunderstandings about title insurance at the Lake of the Ozarks by debunking some of the myths surrounding the title insurance industry. MYTH:   Title insurance automatically comes with the house. FACT:   Most lenders will require a title search and a title insurance policy to cover their loan, but these services are not included in the purchase of the home. Home buyers will be responsible for purchasing these extra services at closing. MYTH:   There's only one type of title insurance. FACT:   There are actually two types of title insurance: lender's title pol...

If you're approaching the closing date for your new home, it's quite possible that you're feeling a bit squeezed by all of the costs you've been expected to cover so far - especially when you consider that you don't even own the house yet! Appraisals, inspections, earnest money... these things aren't cheap, and somehow you're expected to pay for all of them.  As the closing date draws nearer, you're probably looking for opportunities to cut costs in any way you can. While we certainly empathize with your predicament, your friends at Arrowhead Title, Inc. are here to make sure you know that title insurance is not  the cost to cut. Not Having Title Insurance Can Be Devastating When you sign on the dotted line and become the proud owner of your new home, you also become the (maybe not quite as proud) owner of any problems associated with the house. The seller is off the hook.  What happens, then, if you find out afterwards that the seller was a min...

If you are in the process of buying your first home, you're probably feeling a bit overwhelmed by all of the costs you may not have been expecting. If you have had past experience, you are probably familiar with all of the costs associated with buying a home - but that doesn't make them any less stressful! Inspections, appraisals, earnest money... all of these things tend to add up very quickly. So why title insurance, then? When you're juggling all of these costs, the last thing you probably want to do is sign up for additional fees. You may be tempted to push title insurance off to the side, but your friends at Arrowhead Title are here to tell you why purchasing title insurance at the Lake of the Ozarks is an absolutely critical part of the home buying process. The importance of title insurance can be summed up in a single sentence: Title insurance protects the biggest investment you will make in a lifetime. Their homes are the largest purchases most peo...