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...

Buying a home is one of the largest investments that most people ever take on. It's an exciting time that requires a lot of planning, documentation, and research before the closing date. Once you've closed on your new home, it is officially yours! ... Or is it? If there was an issue filing the title during the closing process, then it could be possible that the property's title doesn't actually belong to you. That is where the best title company at the Lake of the Ozarks comes in - Arrowhead Title ! Purchasing title insurance may have helped prevent this issue from ever happening in the first place. Keep reading to learn how! The Title Search One of the first things we do to determine whether a title is clear or not is to complete a title search. A title search can verify whether or not the seller is the true owner of the property. It will also reveal if the title is clouded, has mortgage claims, title claims, liens, judgments, or anything else outstanding on...

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...

A property lien is a claim on a residential property for the homeowner's unpaid bills. When a lien is placed on a home's title, it means that the owner cannot legally sell, refinance or otherwise transfer a clear title of ownership to the home. In today's blog, your Lake of the Ozarks title company explains the implications of having a lien on your property. Types of Property Liens There are multiple types of liens that can affect your right to ownership of your home. A "mechanic's" or "construction" lien protects the provider of services whose charges to the owner for repairs, improvements or maintenance have gone unpaid. A lien on the property also exists when a mortgage loan is used to purchase the home. In exchange for use of the money needed to purchase the home, the lender has a legal claim on the property. A tax lien may be filed against the property by the Internal Revenue Service for unpaid federal taxes. The IRS and the county tax...

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...