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The people who do title searches have an extremely important job. They must ensure that the sellers really own the property being sold and that all liens against the property are being paid off as a result of the sale.
If the seller has had financial difficulties, for instance, and didn't pay his bills, there may be judgments that must be satisfied on or before the closing. Someone in addition to the party who signed the sales agreement may have an interest in the property. If so, it will be necessary for that person to sign the sales agreement and the deed that transfers ownership to the new buyer. The preliminary title report will also show any easements that run with the property. The Title Company will go back many years, examining what is called the "chain of title". If you learn that the property you are buying has title problems, don't panic. Most of them are resolved easily and in plenty of time to avoid delays in the closing.
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| Q |
What famous building receives a fresh coat of 300 tons of reddish-green paint every seven years?
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| A |
The Eiffel Tower in Paris, France. |
 See More Real Estate Trivia > |
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Connie Sims-Woelfle
Keller Williams Clients' Choice
509 Scott Ave. Suite 101
Woodland Park, CO 80863
Connie: 719-339-6795
Steve: 719-440-3098
Office: 719-686-9100
Fax: 866-279-5240
conniesims@NUMBER1EXPERT.com
Connie and Steve are the premier real estate consultants for the Woodland Park area. They believe that Teller County in the GREAT state of Colorado is the best place in the world to live and raise a family. They would welcome the opportunity to introduce you to the Colorado real estate market, the beautiful surroundings and the outdoor lifestyle that Colorado affords.    
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