Top
title Insurance

Basic level real estate service would be delivering you the documents involved in title research and the insurance binder and letting you wade through the book–sized document on your own. Believe it or not, that’s the approach many real estate agents take, and some don’t even give the documents a cursory once–over. It’s true that properties that have changed hands before, generally don’t have major title issues, but you can never know for sure without a thorough reading and understanding of the documents involved.

There are also restrictions and covenants revealed in your Title Binder or Commitment package that you may not have known about when you made your offer. Though you may have read disclosure documents or even a copy of subdivision or condominium covenants, it could be that there have been changes since it was printed. The only way you would find out is to read your title insurance binder’s copy of the documents, as it will include the latest documents as recorded at the courthouse. You may also find some recent filings related to obligations of the homeowner association that could result in future expensive assessments.

Any covenants and restrictions you notice in these documents that may restrict your use of the property in a way that causes you to reconsider your purchase would be important, and you’ll not want to miss them. Let’s say that you have a recreational vehicle and intend to park it on your property. Maybe you even plan on creating a shed for it. Any restrictions to the contrary would be important to you, and I'm committed to helping you to uncover every important item in your title insurance documents.

Along with all of those documents that look like a large encyclopedia, there are two sections at the front of the title insurance binder (or commitment) that summarize what’s included and can give you a quick overview to guide you to the most important items first, or those of most concern. These two sections are the “Requirements,” and the “Exceptions.” Requirements are things the title company says must be done or criteria met before their binder is good and title insurance will be issued. Generally, these are pretty cut-and-dried, such as the seller paying off any mortgages or liens against the property, paying current taxes due, etc.

The “Exceptions” are where you’ll find the things that could be a problem for you, such as those restrictions we discussed above. However, some people aren’t quite up-to-speed on what an exception is and what it means that an item is excepted. Most of the benefit of title insurance comes from protection from threats to your ownership or things that come up about property lines or encroachments. When something is already recorded at the courthouse, the title company will not cover you against it in the future, as it’s a “done deal,” and normally can’t be changed. Those restrictions and covenants are that way. If they say you can’t store that RV, then you can’t claim damages later when you try to do that. So, anything that’s already of record will be “excepted,” and you just need to be sure that there isn’t anything in that pile you can’t live with.

You’re the customer, and your money is making this deal work, so don’t be shy about asking any and all questions you have about the documents, requirements and exceptions in the title binder. There are deadlines for objections to what you find that could result in the deal dying, so don’t hesitate to get right to the examination of this document and the attachments.

Find Nearby

  • Hospital
  • School
  • Pharmacy
  • Airport
  • Bank
  • Post Office
  • Nursing Home
  • Church
METROLISTCO.png

Search-Homes-Right-Now.jpg
 
Let-Us-Find-Your-Dream-Home.jpg
 
Receive-Listings-By-Email.jpg

Contact Info
Agent
Kris Kellar

Coldwell Banker Residential Brokerage

Parker Colorado Houses

18801 Mainstreet
Parker  Colorado 80134

720-507-4746 303-250-7841 303-841-5263

Facebook
Recently Tweeted
  • @Coloradoparker

    Fantastic idea - this web site lets you donate books you no longer need and get books you want to read. For free. https://t.co/2mSHPG6h4L

    1 days ago
  • @Coloradoparker

    @twibs how do I get listed

    4 days ago
  • @Coloradoparker

    Here's a day that everybody can celebrate - a day to do anything & everything ... except what you're supposed to. https://t.co/5WRGnIqojO

    4 days ago
  • @Coloradoparker

    Where are Americans moving from, and where to, and why? This is quite interesting. Are you planning to relocate? https://t.co/wB476EUT3N

    5 days ago
  • @Coloradoparker

    This article uses science to break down how we can create good habits that will actually stick. Love it. https://t.co/ywABFD6RIN

    6 days ago
  • @Coloradoparker

    With the rapidly changing environment, it's difficult to decipher what is next for housing. Here's expert insight. https://t.co/78ojF7KiNK

    8 days ago
  • @Coloradoparker

    Whether you believe in these as-yet undocumented creatures or not, these would be fun places to visit. https://t.co/jUUZfZloH1

    9 days ago
  • @Coloradoparker

    Housing continues to perform as we move into 'buy' territory. Real estate news & info for March is here. https://t.co/vTSDqt2NNt

    11 days ago
  • @Coloradoparker

    If buying a home is a part of your dream for 2017, call or text today for friendly, professional help. https://t.co/A1X0v9ES34

    13 days ago
  • @Coloradoparker

    GREAT question. Here's info on what's acceptable as a medical expense in the eyes of the IRS. https://t.co/dxlL91vLOb

    15 days ago
Social Media