At the end of the process, the title company issues a title opinion. This is a legal document that states that the title is valid. The title opinion is part of obtaining title insurance. The insurance protects both the owner and the lender if there is a title dispute. If another party is actually the rightful owner of the home, your title insurance protects you from financial loss.
In addition to title opinions and title insurance, title companies also handle escrow accounts and distribute money to the appropriate parties at closing. They’ll also deliver closing documents to the appropriate agencies.
Karen & Company REALTY is a boutique real estate firm specializing in South Denver. We have been the #1 full-service agent in Parker, CO for resale homes in 2013, 2014, 2015 & 2016. We also have been the #1 agent in Stonegate for over the last ten years! Contact us with any real estate need that you might have at www.SouthDenverDigs.com or 303-798-2290.