Did you receive a 1099-S from Land Title and wonder why you received it? PRO TIP: Work with a tax professional or check out the IRS website to learn more (the below is an informational overview only). IRS Form 1099-S is a tax document used to ensure that the full amount of capital gains received … Continued
While Land Title Guarantee Company is well-known for delivering an exceptional transaction experience, the Company is also renowned for its trademark blue pens. But, there is much more to the pen in terms of form and function than many realize. The Landy pen (as it is affectionately known by Land Title employees) is not only … Continued
During the month of September, Land Title Guarantee Company is proudly partnering with Habitat for Humanity of Colorado for its annual charitable campaign. The goal is to help with affordable housing solutions across Colorado. For each closing conducted during the month of September, Land Title will make a donation to Habitat for Humanity of Colorado. … Continued
Being a first-time home buyer can be both exciting and overwhelming. Currently, in Colorado, buying a home is a very competitive undertaking given pent-up buyer demand, low mortgage rates and tight housing inventories. As a result, buyers have to be prepared to move quickly once they find the right home. Below are some helpful things … Continued
The homeowners association’s (HOA), also known as “common interest community” (CIC), governing documents contain the rules, regulations, and all other contractual terms by which homeowners in that community are bound. If a property is part of an association, the Buyer becomes part of the association upon purchasing the property. Per the contract, the Seller is … Continued
There are generally two types of title insurance in a residential real estate transaction: owner’s title insurance, called an Owner’s Policy, and lender’s title insurance, called a Loan Policy. If buying or refinancing a property – land or a home – a lender will require title insurance in order to protect their investment in the … Continued
The Real Estate Settlement Procedures Act (RESPA) allows homebuyers to choose their own title company, yet the title and closing process is bewildering to the average consumer. Even though homebuyers spend 2 to 7 percent of the cost of their home on closing costs, most are not clear about what closing costs include, who they … Continued
First-Time Buyer? What to Expect at Your Land Title Closing Closing on a house marks the beginning of an exciting new chapter, but the final step before becoming a homeowner includes the final transfer of money and title. Take a minute to appreciate how far you have come, and how close you are to wrapping … Continued
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