Knowledge Base
Title Information and FAQs
What is a Title Commitment and How Do I Read It?
In nearly every real estate contract the seller agrees to provide the buyer with title insurance. Before closing we will send you a “title commitment” for your review. The title
Seller Deceased? How to Handle the Contracts and Transfer of Title
Who signs the contract? How is it signed? What type of deed do we use? Do we need to open a probate? Should the estate transfer to the heirs before
When You Can’t Attend the Closing: Proper Use of Powers of Attorney and Resolutions to Appoint a Signer
This article addresses one of the most common, and least understood, closing snags – the absent party. With preplanning an absent party is no big deal. Without preplanning and proper
Protect Your Money from Wire Fraud Schemes When Buying a Home
Buying and selling a home is an exciting time, but there can be pitfalls for unsuspecting consumers. Buyers and sellers need to be aware that criminals continue to use wire
Special Warranty Deed vs General Warranty Deed: What’s the Difference?
Colorado recognizes two types of warranty deeds for transfer from seller to buyer. While both types of deeds contain warranties from the seller to the buyer, there is one major
What is Owner Extended Coverage?
Section 8.1.3 of the Colorado Real Estate Commission approved Purchase and Sale Agreement allows the parties to choose whether the buyer’s title insurance policy will include Owners Extended Coverage (“OEC”).
Mechanics Liens Primer
Construction projects are everywhere these days, and with all that added activity comes all kinds of issues concerning payment disputes with the contractors doing the work. One of the most
My Contractor Just Filed a Mechanics Lien on My Flip – How Can I Sell the Home?
Mechanics liens are a big headache when it comes to selling because the title company will require that the lien be paid in full. Title Company Remains Neutral It doesn’t
Are You Saving Money with “Hold-Open” Title Policies?
If you’re an experienced real estate flipper you may know about hold-open title policies because they can save you a lot of money on title premiums. Here are the ins
Out of State Seller? Don’t Forget Colorado’s Required Tax Withholding at Closing!
Is your seller a resident of Colorado? If not, the title company may be required to withhold proceeds of the sale for Colorado income tax. When Does Withholding Apply? The
Separate Seller Closings — Why Your Sellers Want Them
A decade ago many real estate professionals predicted that digital document signing would quickly replace the traditional conference room closing with wet signatures on paper. Not much has changed with
How do I get Neighborhood Farm Reports for FREE?
We often get requests from real estate brokers wanting to know all the addresses of the owner-occupants in a certain neighborhood. This is typically referred to as a Neighborhood FARM
How Much Will It Cost You to Wait Until Next Year to Buy a House?
A Case Study Lots of would-be home buyers will choose to rent instead of purchase because they don’t see enough monthly savings between their current rental payment and a mortgage
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