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The abstract of title records that transaction history and provides an official provenance. The abstract of title will also record outstanding liens against the property, back taxes owed, or unresolved building code violations.

It is typical in Colorado for the seller to select the title insurance company and to pay for the owner's title insurance, although the fees may be negotiated otherwise in the Colorado contract. Discuss this with your realtor, as it is part of the negotiation process between buyers, sellers and their realtors.

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?). Owners Extended Coverage is a way to maximize title insurance protection beyond the basic coverage.

This process takes approximately 1 - 3 days, depending on the current workload. When is the best time to record a document?

The grant deed is the most common type of deed used in the selling of property. A grant deed must describe the property by legal description of boundaries and/or parcel numbers. A grant deed warrants that the grantor actually owned the title to transfer. The deed must be signed by the grantor and the grantee.

1) The Sale Deed The Sale Deed is an essential legal document which contains evidence of the sale and the transfer of property from the builder to the individual. Many-a-time, years after buying a home, the individual may want to sell the housePK1 WU2 for some reason, in which case, this document is essential.

In real estate terms, chain of title is often described as the sequence of historical transfers of title to a property.