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Old 01-30-2007, 08:31 AM
 
7,047 posts, read 15,990,548 times
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The word "winterization" is also used around boat owners. It means getting your boat ready for winter (oil change, etc.) and having it ready to put on the lake when the boat ramps open in April.
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Old 01-30-2007, 09:52 AM
 
Location: Larkspur, Colorado
226 posts, read 1,247,221 times
Reputation: 77
Quote:
Originally Posted by ncrea View Post
FWIW, I've seen a trend to issue "special warranty" deeds instead of "general warranty" deeds in Colorado. I'd want a "general warranty". It's one of those details that may never be an issue to you, but it could be ... so insist upon the higher level of protection.
A General Warranty Deed guarantees an clean chain of title for all time (all the way back to when the land was established). A Special Warranty Deed only guarantees clean title during the seller's portion of ownership. It is always better to get a General Warranty Deed, but banks will ONLY issue a Special. If you get a Special Warranty Deed with Title Insurance (issued from a reputable title company) you should be okay.

When buying a foreclosure the type of deed you receive should be the least of your concerns. Undisclosed leans, the condition of the property, lack of disclosure and the fact that you have no recourse for undisclosed defects are much more likely to cause you financial harm.
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Old 01-30-2007, 10:05 AM
Status: "October is the eighth month" (set 20 days ago)
 
Location: Just south of Denver since 1989
10,677 posts, read 28,495,910 times
Reputation: 6842
Having a good, reputable, with plenty of assests, title company is key to a warranty deed.

A part of the title company's job is to research the title and claims against it, so they do not end up paying claims.
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Old 01-30-2007, 03:16 PM
 
10,869 posts, read 41,150,426 times
Reputation: 14009
my point about type of title insurance was to gently direct the thread poster to an area that might suggest concerns about the history of the property, defaults, liens,etc. that might be lurking in the background and otherwise undisclosed to the buyer.

And, FWIW, there's ... as I mentioned ... a trend among a lot of sellers/agents to just use the "special" warranty deed for virtually all of their sales contracts, including properties that have no problems in the past. The motive is to limit liability and to save money because the special warranty is less costly to obtain then a general.
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Old 02-01-2007, 09:42 PM
 
Location: Larkspur, Colorado
226 posts, read 1,247,221 times
Reputation: 77
Quote:
Originally Posted by sunsprit View Post
And, FWIW, there's ... as I mentioned ... a trend among a lot of sellers/agents to just use the "special" warranty deed for virtually all of their sales contracts, including properties that have no problems in the past. The motive is to limit liability and to save money because the special warranty is less costly to obtain then a general.
You are correct, the trend is moving towards Special Warranty Deed for all transactions. I have sold a couple of properties where the sellers were using a real estate attorney and they would only provide a Special Warranty Deed based upon the recommendation of their attorney.
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Old 02-01-2007, 10:31 PM
 
10,869 posts, read 41,150,426 times
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BTW, "ncrea" ... I've bought several Colorado bank repo file properties where a "general warranty" deed was issued without any hesitation or discussion about a "special" deed.
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Old 02-01-2007, 10:39 PM
Status: "October is the eighth month" (set 20 days ago)
 
Location: Just south of Denver since 1989
10,677 posts, read 28,495,910 times
Reputation: 6842
It is something the buyer asks for when putting an offer in writing on our Colorado state approved forms. It is a fill in the blank form.

I haven't had a problem getting a general warranty from the seller/bank either. I think in bank owned properties, the hidden defects are more likely to empty your wallet than unknown liens.
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Old 02-02-2007, 08:01 AM
 
66 posts, read 441,631 times
Reputation: 42
Default General or Special

General deeds provided by the grantor (seller) warrants title against defects that existed prior to when the grantor took title or that came about during the grantor ownership.

Special deeds provided by the grantor (seller) only warrants the title against defects arising after the grantor has acquired the property, and nothing prior to that time. This is much less liability for the seller on HUD, VA, and bank owned homes.

If you can get a general in these circumstances as the buyer, that is awesome, because you're at much less risk. I'm really surprised that the representative of HUD, VA, and bank owned homes would put their seller at risk by offering a general instead of a special. Oh well, their loss and your gain.
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Old 03-25-2007, 05:59 PM
 
1 posts, read 2,618 times
Reputation: 10
Default House Winterization tool

Winterization tool

I have assembled a tool that will make it easy to do home winterizations.

It has easy to read gage, on/off valve and a quick disconnect air fitting.

This tool will help you purge plumbing systems of water with compressed air.

Easily connect tool to any faucet or washing machine water fitting.

Plug your compressed air line to the quick disconnect fitting on tool to blow whole house plumbing system of water.

After closing plumbing system off this tool will allow plumbing lines to be pressurized to HUD specifications showing system pressure on 0-100 psi 2"gage face.

This tool will help you perform winterizations to HUD standards and with your photos you can clearly show the lines being blown of water.

It will show if plumbing holds pressure or not.

Easley Documented by your photos.

Tool is nearly all brass fittings with easy to read 2"Dia, 0-100 PSI dial face gage, with on/off ball valve. and will attach to residential plumbing systems and your compressor.

[mod cut]

Last edited by Mike from back east; 03-25-2007 at 07:29 PM.. Reason: No advertising is allowed in the forums.
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Old 03-26-2007, 10:30 AM
 
Location: Colorado
431 posts, read 2,500,615 times
Reputation: 212
Default Heat tapes

This may not be the place for this, but not sure were is. A beautiful historic lodge that was 110 yrs old burned down here. It had been built by one of the men who set up the irrigation systems, he also was a friend of Teddy Roosevelt and he had been there too. Both were big game hunters it seems. It has not been an abandoned place. Usually taken care of, lived in recent yrs, etc. It was just been completely renovated to be used as a bed and breakfast. When it burned down, we could all just cry, such a lovely log place. Why did it burn down? The water was shut off, pipes drained because of no heat on, no one living there at the moment. But the electricity was not shut off and the electric tapes were left plugged in running on cold empty water pipes. Overheated. Sure a shame and such an oversight. Deliberately done is ruled out. It did look suspicious because it had had a small fire a few yrs ago, that extinguished itself and both times the owners did not live there and were out of town. So anyway, if you have electric tapes, unplug and check them every now and then. Don't leave running on empty pipes.
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