Colorado Title Company

If you have plans to purchase a home, it is important to contact a reputable Colorado title company like Closeline Settlements. These professionals can provide you with adequate title insurance and perform a title search on the home you want to buy. With a title insurance company on your side, you may have less during the homebuying process.

What Is Title Insurance?

Title insurance is a type of insurance that protects homebuyers and lending companies from title issues when there is transfer in property ownership. Before you purchase a home, a title company will perform a title search to look for various title defects, like fraud, clerical errors and liens. 

Title insurance is just a one time payment at closing and can protect against liens, forgery of deed documents and unknown heirs. You can also choose to purchase extended coverage, which can cover you for things like zoning law violations, inaccurate surveys and building permit violations. If someone brings a lawsuit against you for a title defect, the insurance will cover your legal costs.

Types of Title Insurance

There are just two kinds of title insurance available: lender’s title insurance and buyer’s title insurance. A lender’s policy protects the lending company against title claims. Most lending companies require homebuyers to buy this policy on their behalf. 

Buyer’s title insurance, on the other hand, protects the homeowner against title claims. Although buyer’s title insurance isn’t required, it’s highly recommended. 

Choosing a Title Company

There are many title companies, so selecting the right one may seem overwhelming. Start by asking friends and family members who have bought a home for recommendations. If that is not feasible, ask your lender or real estate agent.

It is a good idea to meet with the title company in person and check their online reviews to ensure they are reputable. Be sure to ask about how many years they have been in the business and if they can provide references.

Schedule a meeting with a local Colorado title company today.