![]() This date represents the last time the title entity searched the county land records. Title commitments may look different from title insurance entity to title insurance entity, but all title commitments generally have the same information on them even though where the information may be found may be slightly different. Whether the title meets the contract’s requirements (generally marketable).Second, it is the primary evidence of marketable title called for in the sales contract.Ī real estate broker serves his or her client by reading the title commitment for two things: First, it is a binder for insurance evidencing insurable title. The Commission approved real estate contract in Colorado calls for the seller to convey marketable title to the purchaser, free and clear of all liens and encumbrances except as specifically noted, as evidence by a commitment for title insurance.Ī title commitment serves two functions under a Colorado real property transfer pursuant to the Commission approved Contract to Buy and Sell Real Property. A title commitment is the result of an order being placed with a title insurance entity usually pursuant to a mutually executed contract to buy and sell real property.
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