Investor · San Ramon, CA · Member since 2015 · 13 posts · 3 votes
I am buying a vacant land in Colorado. Not using title company as this is a small transaction. Current deed is Personal Representative's Deed. I am looking for professional in this area to review the deed and give me feedback. Any recommendations? Thank you very much.
Hi @Sadashiva (Sada) Yelluru, I haven't done any deeds in Colorado but normally I use Special Warranty Deeds also most states require additional documentation along with the deed. I believe Colorado requires four additional documents.
Hi Neil, Yes, current owners are listed in the deed. It is personal representative's deed. Representative of the estate is granting the deed to current owner. For me everything looks fine. But thinking of getting it reviewed for peace of mind.
I have another property in pipeline that has the situation you described i.e. person in the deed has deceased and his spouse is trying to get the deed fixed before selling. Any references who can help in this?
@Sadashiva (Sada) Yelluru - This is why I try to select properties valued high enough ($10K+) to close with title. When I've self-closed, I've used ProTitleUSA to run a title report, but (as you may suspect) it doesn't involve their opinion on the quality of the title work but it can raise some red flags. I've heard of others finding people on UpWork and Fiver to pull and review title work (usually current or past employees of title companies).
As far as the deceased spouse, does the deed indicate tenants in common? If so, it may come down to going through probate ($$$). But if it's joint tenants with rights of survivorship (JTWS) then it should be relatively simple handle on their end.