Transfers of title ownership can be a complicated and time-consuming process that should be left to the professionals at Preferred Title of Colorado. Real estate transactions are governed by federal, state, and municipal laws that dictate much of the process. Additionally, mountains of paperwork must be completed and signed, and escrow funds managed. 

Preferred Title of Colorado is proud of our professional approach to both residential property closings and commercial property closings . We understand the legal, administrative, financial, and business issues that are part of the process. We are committed to providing a smooth and accurate closing experience that leaves everyone involved feeling comfortable and satisfied.

Real estate closings should always be friendly and stress-free.  Our approach to each transaction assures that the process of transferring ownership of a property is professional, accurate, and as friendly as we can make it. For your next real estate transaction, work with a locally-owned and customer-focused title company.  

Whether you are buying or selling a home or property, it is important to work with a professional title company to guarantee a smooth and accurate closing. Working with Preferred Title of Colorado grants you peace of mind, knowing that the process stands up to applicable laws and standards. 

Working with a professional title company:

• Provides title research and examination to ensure that a title is free of encumbrances and ready for ownership transfer
• Issues title insurance policies that protect your title after the closing paperwork is signed
• Facilitates closings by procuring the necessary paperwork and gathering the necessary signatures
• Records paperwork with the proper governmental agencies
• Manages and disburses escrow funds so everyone gets the money they are due.

Let Preferred Title of Colorado be your closing partner. We stand ready to create a process that guarantees both accuracy and peace of mind.

Absolutely. Whether you are the buyer or seller, you have the right to choose which title company to use for your real estate transaction. 

When choosing a title company, do your research and ask questions. Search reviews, and Better Business Bureau information.  Be wary of any organization that won't answer questions or seems to offer inconsistent answers.

Preferred Title of Colorado is locally owned and operated and we proudly stand by our commitment to offering the best and friendliest service to our customers. 

We welcome the opportunity to answer your questions and to help you through your next real estate transaction.

At the closing, the property's ownership is formally and legally transferred from the seller to the buyer and the buyer is able to occupy the property at the conclusion of the meeting. Agents and lenders work with Preferred Title of Colorado to complete their professional responsibilities and combine their efforts for a complete and secure transaction. Sellers and buyers are often instructed to bring lender-required documents, photo identification, and items required for the occupation of the property.

Closing meetings usually involve the review and completion of paperwork, a briefing on your title insurance policy, the collection and disbursement of escrow funds, and the exchange of keys. Property buyers should expect to spend at least an hour reviewing and signing documents. 

Closings conducted by Preferred Title of Colorado are done with a commitment to accuracy, timeliness, and the comfort and satisfaction of our customers. Our locally-owned business is proud of the work we do with the people of Southern Colorado.

For your scheduled closing, Preferred Title of Colorado will take care of the necessary paperwork, coordination with the lender, and the escrow of funds. There are a few things you will need to bring to the closing to complete the transaction.

BUYERS SHOULD BRING:

• Closing Costs in the form of a wire transfer.
• Photo Identification - your driver's license works best.
• Any required documents as communicated by your lender prior.
• Co-signer if someone is co-signing your loan.

SELLERS SHOULD BRING:

• Photo Identification - your driver's license works best.
• Copy of a voided check or bank statement to wire funds

It is possible that other documents may be required at the time of closing. It's best to double check with both your lender and title company before attending the closing on your property.

Conducting a closing is a complicated process that is sometimes unfamiliar to most of our customers. The collection of signatures is long and the paperwork is stacked high. The vocabulary is unfamiliar, and there is always some level of anxiety.

If you have questions about any part of the process, it is important to ask. At Preferred Title of Colorado, it is our professional responsibility to ensure that everyone involved is comfortable and well-advised.  Please don't let a moment go by where you do not understand the process and your participation in it.

Escrow is a legal arrangement in which a third party temporarily holds large sums of money or property until the closing has been satisfactorily completed. When Preferred Title of Colorado conducts a closing, we often act as the neutral, third party and manage the escrow accounts until all funds have been dispersed. 

Sometimes, we hold funds in the escrow account past the date of closing as an escrow holdback. There are several reasons to hold escrow funds: Perhaps you agreed that the seller can stay in the home an extra month. Or maybe you found something wrong with the property during the final walk-through. In these examples, funds would need to stay in escrow until all issues have been settled.

In real estate, escrow is typically used for two reasons:

• To protect the buyer’s deposit so the money can be properly dispersed at the closing's conclusion
• To safely hold the new property owner's funds for taxes and insurance
   

Simply put, a title examination is the process of searching for any past issues that may have been attached to a property's title. These issues, called encumbrances, may make the property unsuitable for sale or may simply impact the property's ownership. 

Encumbrances include unpaid tax liens or restrictions, past disputes in ownership, or involvement in a lawsuit. A title must be free of all encumbrances to qualify for a transfer of ownership.

The title examination process is one of the most important steps in conducting a closing to transfer ownership of a property. When we are involved in a real estate ownership transaction, Preferred Title of Colorado conducts a comprehensive examination of a title to guarantee that it qualities for an ownership transfer.

Sometimes, we find encumbrances but can often clear them up so the closing that proceeds smoothly. Our clients usually never know about the issues we discovered in the process of the examination.  We are happiest when we can do the work to clear a title before its issues are ever known.

You can trust Preferred Title of Colorado to conduct a thorough examination of a property's title, so that, when the time for closing arrives, the title can be successfully transferred.

Often, mistakes are made in the life of a title because of human error involved in the record-keeping. It is not unusual to find that a lien was not properly cleared, or the transfer of ownership not properly recorded..

Thorough title examinations performed by Preferred Title of Colorado typically uncovers these errors and can often remediate them. This examination is the foundation of the transfer of a property's ownership because a title needs to be free and clear to be transferred.

Once the title search is complete and the title has been examined and deemed free of encumbrances, Preferred Title of Colorado issues an insurance policy that protects both the buyer's and lender's interest in the clear title to the property.

The owner's title insurance covers the owner's interests of the property and usually insures for the amount paid to purchase the property. The lender's title insurance covers the lender’s interests and is usually issued in an amount equal to the loan amount. At Preferred Title of Colorado, we are happy to guide owners through the title insurance fine print and coverage information.

The lender maintains an interest in the property as long as there is an outstanding loan. Whenever a loan is issued for the financing of a property, the lender acquires an interest in the property for as long as the loan is outstanding. Typical, the seller buys the owner's policy and the buyer buys the lender's policy.