Understanding Clouded Titles

Understanding Title Clouds, Colorado Springs Real EstateWhen you buy a house you certainly don't want to inherit someone else's debts or legal problems. This is one reason for a title Insurance policy. Title Insurance protects or insures that you have "Clear Title" to your property. Clear Title means that there are no liens, claims, judgments or problems with the title. The aim is to define the undisputed owner of the property. If you are buying the property, we want that to be, you!

What is a Clouded Title?

When the title to a property is not "Clear" we refer to it as "Clouded". Title clouds hurt both the value as well as the marketability of a property. Clouds could include the following:

  • Mechanic's lien-These are lien rights given to contractors. This is used for the purpose of securing the payment for work performed.
  • Homeowner's Association Assessment Lien- For HOA fees and/or violations.

  • Federal or State Tax Lien

  • Judgement Lien- These liens are generally created when someone wins a lawsuit against you and then records that judgment against your property.

  • Misspelled property's address on a deed that conveys title

  • A mortgage lien whose repayment hasn't been officially recorded

  • Deed which has been signed but was not properly recorded

  • Easement that has not been properly recorded

  • Unpaid property taxes

  • Failure to transfer property rights (mineral rights, etc.) to the appropriate owner.

  • Pending lawsuits (lis pendens) over ownership rights to the property.

How to Clear a Clouded Title

Clouds on title can be resolved in a couple of different ways. The most common method is by initiating a quit-claim deed. Once the lien holder has proof that the lien has been satisfied, they would sign the quitclaim deed. This releases any interest the lien holder has in the property.

The second and more complicated method is through the commencement of the action to quiet title. This is an actual lawsuit that determines the validity of any challenges or claims to the title of a property. The outcome would "quiet" any claims and/or challenges to the title.

Why Getting Clear Title is Important

It is certainly best to take care of these issues prior to putting a property on the market but unfortunately, this isn't always possible. Homeowners are often surprised to find liens from subcontractors they have no knowledge of. Additionally, improperly recorded easements are often surprises that are discovered only upon a new survey or Improvement Location Certificate.

Title clouds are generally resolvable with the right knowledge and a little legwork. This is why the choice of a Title Company is essential during a real estate transaction. If you have any questions about "Clouded Titles" please give me a call.

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Why People Move to Colorado Springs

Why People Move to Colorado Springs

There are probably a gazillion reasons why so many people are moving to Colorado, year after year, and after 27 years of living here myself, here are just a few of my own:

WE HAVE JOBS! And we apparently have A LOT of them, and in a wide range of industries, especially in the professional and business sectors. As of November, 2016, the unemployment rate for the country was 4.6%. As of November, 2016, the unemployment rate for Colorado was 3.2%.

WE HAVE MOUNTAINS! The Front Range, to include Denver, Colorado Springs, and Pueblo is no more than an hour and a half drive to world class hiking, mountain biking, skiing, camping, and some of the most breathtaking views of the majestic Rocky Mountains in the country. Summer, Winter, Fall, Spring, you will never be without a ton of different options as you head west into Colorado's mountains.

WE ARE FIT! Colorado routinely ranks in the top ten for healthiest states in the country, and we routinely have very low obesity rates. Combine those stats with 300+ days of sunshine a year, and the almost obscene popularity of physical, outdoor activities, and you find yourself with a very healthy and fit population!

WE HAVE PRO SPORTS! So, if you are into that, you have a plethora of which to choose. The Denver Broncos play at Mile High Stadium in Denver and you may or may not have heard that they won the Super Bowl last year. The Colorado Avalanche (hockey) and the Denver Nuggets (men's basketball) share the Pepsi Center in Denver and both are always fun and great for a night out! The Colorado Rockies play baseball at Coors Field which is one of the most spectacular stadiums in the country with the stunning Rocky Mountains in the backdrop. Colorado even has a professional soccer team and two professional lacrosse teams!

WE HAVE ARTS AND CULTURE! So, if you are into that, you also have plethora with which to choose. Colorado's music, dance, theatre, and visual arts organizations are known here for presenting popular masterpieces and innovative, creative new works pretty much year round. Our state's long tradition of stellar cultural events, performing arts series, and indoor and outdoor art festivals ensure that there is always something amazing to do and see here and you will are pretty much always guaranteed to be entertained!

Need more reasons to move to our great state? Give me a call! We could talk the benefits and beauty of living here until I am blue in the face! 

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Things to Do This Weekend (Jan 7, Jan 8) in Colorado Springs

Things to Do This Weekend (Jan 7, Jan 8) in Colorado Springs

United States International Duo Piano Competition -  Fri Jan 6, 7:00 pm, Sat Jan 7 9:15, 10:30, 2:20, 3:45, 5:00, Sun Jan 8, 1:15, 2:45, The Broadmoor Hotel, 1 Lake Avenue

Admission: Free. Have you ever seen a Duo Piano Competition? Now you have 3 days to catch your glimpse of this unique performance. This competition spans all ages and all levels. For more information: United States International Duo Piano Competition Organization

Wine & Watercolor - Evergreens & Trees, Sat Jan 7, 6pm-8:30pm, Colorado Springs Fine Arts Center, 30 West Dale Street

Admission: $45 per person, $35 for members. Nothing goes better together than art, music and wine. Join the Beamis teachers for a class on Evergreens and Trees and enjoy a glass of wine to get your creativity off to a good start. For Registration and more information: Fine Arts Center.

 

Second Sunday Concert Series: The Taiko Society, Sun Jan 8 2pm, PPLD -Library 21c, 1175 Chapel Hills Drive

Admission: Free. Traditional Japanese drummers will perform a lively and thunderous free concert at the 21c Library as part of their Second Sunday Series. A great show for all ages. For more information: Pikes Peak Library.

 

Paintings by Missye Bonds and Photography by John Fielder, Sun, Jan 8, 2pm-5pm, Rico's Cafe, Chocolate and Wine Bar, 322 N. Tejon

Admission: Free. This art opening features paintings and photographs of Strawberry Fields through different eyes and different seasons. Proceeds from the sale will support Save Cheyenne in the legal action to preserve and protect this land, our city park since 1885 and listed on the National Register of Historic Places. For more information check out their website Save Cheyenne.

 

Colorado Springs Fitness Expo, Sat Jan 7 10:00am - 5:00pm, Colorado Springs City Auditorium, 221 East Kiowa

Admission: Free. Just in time for your New Year's Resolution, this Fitness Expo aims to get you on the right track for fitness. There will be fitness vendors, live fitness classes, studios and clubs onsite and even a fashion show to inspire you to look your best while working out. For more information: Colorado Springs Fitness Expo.

 

 

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A Seller's Guide on How to Handle Showing Feedback

A Seller's Guide on How to Handle Showing Feedback

Selling your home can be stressful at times. The sign is in the yard, the lock box is on the door & your house is finally active in the MLS & third party sites. Now, you’re eagerly waiting to hear what potential buyers thought of your property. Feedback is imperative for sellers, especially for those whose homes might be taking a little longer to sell than anticipated. Here is my best advice when you start getting feedback from showings.

  • First & foremost, don’t take comments too personally. If somebody says that your home smells bad, you can fix the problem ASAP, so that other potential buyers don’t have the same issue.
  • Focus on the things that are changeable. Paint, lighting, temperature, decor and staging are all pretty easy fixes. There is no sense to fret over the comments about the busy street, lack of 3 car garage or placement of power lines.
  • Feedback helps both the Realtor and the Seller. If I get a comment stating that the buyers didn’t like the paint color in the kid’s bedroom, I can call my seller to see if they’d be willing to fix that problem.
  • If a showing agent has trouble with the key & had a hard time accessing the property, we want to know. Same goes for odors, décor, how the home showed, etc.
  • If 10 potential Buyers go through a property with similar feedback, then it’s probably time to address and fix the problem, if you can.
  • At times, you’ll get Buyers who forget or ignore your feedback requests, that’s why you have us to chase them down!
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Things to Do This Weekend (Dec 31, Jan 1) in Colorado Springs

Things to Do This Weekend (Dec 31, Jan 1) in Colorado Springs

Colorado Springs Philharmonic presents New Year’s Eve -  Sat Dec 31, 7:30 pm, Pikes Peak Center for the Performing Arts, 190 South Cascade Avenue

Admission: $21 and up. The Colorado Springs Philharmonic is ringing in the new year Broadway style. Some of their best vocalists will be performing classic Broadway songs from Cats, Victor Victoria, Wizard of Oz, Frozen and more. For more information: Colorado Springs Philharmonic

Whistle Pig's New Year's Eve Party and Five-Course Dinner, Sat Dec 31, 6pm - 1am Jan 1st, Whistle Pig Brewery, 1840 Old Dominion Way

Admission: $40 per person, $75 per couple. If you haven't noticed yet, the folks at the Whistle Pig Brewery love to throw a party. Join them on New Year's Eve for a 5 course dinner (prime rib or salmon), beer or wine with dinner, and a glass of champagne at midnight. Please call (719) 598-1339 to reserve your specific dinner time – reservations begin at 6 p.m. For more information visit the website of the Whistle Pig Brewery.

 

Noon Year's Eve, Sat Dec 31 10am-1pm, Colorado Springs Event Center, 3960 Palmer Park Blvd

Admission: Family Passes cover six people (ages 2+) for $25 for online pre-registration or $35 at the door. New Year's Eve parties are always catered toward adults and midnight. Here is a fun way to celebrate with the kids by counting down to Noon rather than midnight. For more information: Pikes Peak Children's Museum.

 

New Year's Super Bubble with Art Guffaw, Sat, Dec 31, Sat Dec 24th, 11am, 4pm, 7pm, Millibo Art Theatre, 1626 South Tejon Street

Admission: $12 Family Four Pack $40. Who doesn't love bubbles? Here is another family friendly way to celebrate New Year's Eve with the Millibo Art Theatre. World-class clown Jim Jackson will have you laughing and calling out for more....Bubbles that is. For more information check out their website Millibo Art Theatre.

 

Suga Bear'’s New Year’'s Eve Dance Party, Sat Dec 31 9:00pm, Stargazers Theatre & Event Center, 10 S. Parkside Drive

Admission: $30 - $45. Where else can you go in either Jeans or Sequins and no one will bat an eye? For a guaranteed good time, your best bet this year is the Suga Bear's New Year's Dance Party. Heavy hors d’oeuvres buffet will start at 10 p.m., party favors, and dancing all night to one of the hottest high-energy live bands from Colorado Springs. For more information: Stargazers Theatre.

 

 

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