Unknown liens and encumbrances can derail a sale, so it's vital to know if there are claims against the property you want to sell. Typically, an owner will be aware of a lien at the time it is filed against the home, but not always. In some cases, the existence of a lien is discovered only during a required title search prior to closing.
A lien is essentially a notice attached to the property deed. It represents a monetary claim, which must be cleared or "satisfied," before the title can be transferred to a new owner. Property liens are public record. In order to be valid, they must be filed, typically with the clerk of the county in which property is located. A lien is valid only for a specified length of time; it varies with the type of lien and
…
Durango is best known as the home of the Durango Narrow Gauge Railway and for having access to some exceptional ski resorts, which are more affordable and less crowded than most. If skiing the San Juan Mountains is on your bucket list, here are three incredible skiing locations around Durango, CO.
Renting an Animas Valley home is a big decision. While renting can bring in a lot of needed income, it can also be a big responsibility. Rental properties must be properly cared for and the needs of the tenant must be managed.
With the arrival of Thanksgiving and Christmas just around the bend, the community of Durango is brimming over with the spirit of giving, hopes of receiving and feelings of peace and joy. These three November events in Durango, Colorado are ideal for families and friends looking to embrace the season with some fun and frolic.
The 1031 exchange is a way for owners and investors to defer capital gains tax when selling an asset. This is one of the more complicated transactions to successfully complete, especially now that the tax code has changed. Learn more about how 1031 exchanges work, how they can save Animas Valley homeowners in the short-term, and what can be done to maximize the efficiency of the exchange.
The art scene in Durango, CO has quickly established itself as a premier location in the Southwest for both art and art lovers. The scenery, crisp air and inspiration found in this community seem to bring out the best work in painters, sculptors, thespians and craftspeople alike. There are galleries across town, but these are arguably the best of the best places to purchase and enjoy world-class art in Durango.
When people start learning about the home buying process, they may quickly realize that buying a home requires proving they are willing to make a commitment. Sellers want to know that buyers are sure they want the house, and they often require an earnest money deposit as a sign of good faith. There are a few rules that buyers should know before they put this money down, however. This information will help Durango buyers determine what to do when they are ready to invest into a particular property, and which scenarios allow them to get their deposit back.
Fall is a wonderful time to be living in or visiting Durango, Colorado. As the weather cools off and winter approaches, the people of Durango will be enjoying a variety of cultural events and festivities.
If you have a loan of any type, whether that's a home loan or a car loan, then you've probably heard a thing or two about refinancing a home mortgage. Knowing what refinancing is and how it can benefit you is an important part of budgeting. After you've owned your home for a while and have built up equity in the property, you may be able to take advantage of a refi. Before you get started with the refi process, you should understand what it is and what it entails. Here's what you need to know.
Flea markets are always going to be a time investment for shoppers, but those who go already know the time they invest is half the fun. It's the thrill of the hunt that makes shopping at the markets so rewarding, especially when shoppers end up finding exactly what they're looking for. Those searching for the best flea markets in Durango, Colorado should make it a point to add these favorites to their list.