Colorado Lawyer Protects Clients’ Titles to Real Property
Real estate attorney offers due diligence advice and counsel to clients in the Denver area
If you are buying residential or commercial real estate, you want to make sure that the property's title is clear and free of liens or defects, so the transaction can proceed smoothly. You can have the assurance you need through a thorough review of the title exceptions, survey, and other relevant documentation.
At Fischer Law Office, I have the experience and skills to provide careful examination of due diligence documentation, including surveys, title documents, engineering reports, and municipal codes, all of which can affect your property rights. I represent buyers and sellers in the Denver area and throughout Colorado by reviewing the condition of the real estate being sold and overcoming any issues that may arise. I understand that quality due diligence protects your investment, and I draw on my experience to identify and address any potential risks.
Knowledgeable legal adviser handles title insurance and survey for clients
There are two main types of title insurance policies: one for lenders and one for homeowners. Lenders' title insurance protects banks, mortgage companies, and other lending institutions involved in real estate transactions, but it does not protect you if someone makes a claim against the title to your property. That's why it's crucial to purchase an owners title insurance policy. An owners policy protects the buyer against title claims.
Skilled advocate explains your policy coverage
It pays to be knowledgeable about your insurance policy by understanding what it covers and what it doesn't. A title search, which is required before an insurer will underwrite a title insurance policy, protects property owners by disclosing those items that encumber the property:
- tax liens
- easements
- covenants
- recorded mineral patents
- vested ownership
- other recorded information
In the event that an unexcluded claim arises, you have protection through your title insurance policy. However, policies may also have coverage exclusions, and it's important to read the fine print to know what they are. Some exclusions may include:
- Defects, liens, or adverse claims known to the insured but unknown to the insurance company - which you must disclose in writing to your insurance company before the policy goes into effect.
- Any law restricting or relating to the use or occupancy of the property based on zoning protection regulations or laws.
These are just some of the exclusions from coverage that your policy may have, and all homeowners should discuss these issues with their attorney before closing or refinancing. To find out how I can help protect you and your property from unnecessary risk and harm, contact me today.