Title Insurance

When property is being sold or refinanced, the lender and the buyer need a preliminary title commitment that will indicate exactly what recorded liens and encumbrances and recorded easements are currently in effect on the property.  This title commitment will also indicate the vested owner of record and any restrictions on the se of the subject property.  Title insurance is required on all property in Colorado and is normally a seller’s cost. However, the buyer is required to furnish the lender with a lender’s policy showing the lender as a lien holder on that property.  Theses charges will be incurred at the time of settlement as part of your closing costs.  When the sale of loan of the property is final, the title company records the necessary documents and then will issue a title insurance policy to the new buyer and the lender showing clear title to the subject property.