Property Details
Maps
Local Schools
Community Utilities & Resources
Title & Escrow
The information contained is provided by WFG’s Customer Service Department to our customers, and while deemed reliable, is not guaranteed.
PROPERTY DETAILS
5261 JANGA DR COLORADO SPRINGS CO 80924
62252-09-055 EL PASO COUNTY CO
OwnerInformation
OwnerName: JACKSON JAMES D / JACKSON KELLY R
Vesting: JOINT TENANT
MailAddress: 5261 JANGA DR COLORADO SPRINGS CO 80924
OwnerStatus: OwnerOccupied
LocationInformation
LegalDesc: LOT 252 THE BRADLEY RANCH SUB FIL NO 1
County: EL PASO
Census/Block: 007106 / 1004
Tsp-Rng-Sec: T-R-S
Lot/Block: Lot: 252 Block:
HousingTract: THE BRADLEY RANCH SUB FIL
LastMarketSale
Date: 2021-10-04/2021-09-30
SalePrice: 525885
Document#: 2021.184559
DocType: SPECIAL WARRANTY DEED
$Sqft: $195.35
PriorSaleInformation
AltParcel#
SchoolDistrict:
Municipality:
Parcel#: 62252-09-055
Lender: VAN DYK MORTGAGE CORPORATION
Loan: 544816
Document#: 2021.184560
LoanType: VETERANS AFFAIRS
LoanTerm: 30
Date: / Lender:
Price:Loan:
Document#:Document#:
DocType:LoanType:
Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.
5261 JANGA DR COLORADO SPRINGS CO 80924
62252-09-055 EL PASO COUNTY CO
PropertyCharacteristics
GrossArea:GarageArea:InteriorWall
LivingArea:RoofShape: GABLE
PorchType: COVERED SLAB
AboveGrade:Foundation:PatioType: TERRACE
Bedrooms: 5
Bath(F/H): 3/
Fireplace: GAS/LOG
YearBuilt: 2021
ParkingType: Garage
RoofMaterial: COMPOSITION SHINGLE
Construction: FRAME/STUCCO
HeatType: FORCED AI
CoolingType: CENTRAL
AirCond: CENTRAL
Fixtures:
Floor:
Equipment:
ExteriorWall: STUCCO Stories: 2
Units:Rooms: 8
Basement: 1 150
PropertyInformation
LandUse: SFR
Zoning: PDZ
TaxandAssessmentInformation
Pool: No
Quality:Condition:
CountyUse: SINGLE FAMILY RES StateUse:
Len/Wid: /
TaxArea:ImpValue:Exemption:
PropertyTax: $4,565.88
Improved%:District:
Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.
MAPS
ASSESSOR MAP
This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.
STREET MAP
This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.
AERIAL MAP
This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.
CITY BOUNDARY MAP
This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.
SCHOOLS
5261 JANGA DR COLORADO SPRINGS CO 80924
62252-09-055 EL PASO COUNTY CO
Academy, School District No. 20, In The County Of El Paso
ElementarySchools
Chinook Trail Elementary School719-234-5700
11795 Grand Lawn Circle COLORADO SPRINGS CO 80924
Grades: KG to 05
CharterSchool: N
Elementary
Grades: PK to 05
CharterSchool: N
MiddleSchools
MagnetSchool: N
COLORADO SPRINGS CO 809
MagnetSchool: N
AreaDesc:
Distance: 0.52 Miles
TitleOne: NO
719-234- 00
AreaDesc:
Distance:Miles
TitleOne: NO
Chinook Trail Middle School719-234-1576
9750 Grand Lawn Circle COLORADO SPRINGS CO 80924
AreaDesc:
Grades: 06 to 08 Distance: 0.96 Miles
CharterSchool: N
MagnetSchool: N
TitleOne: NO
Timberview Middle School719-234-3600
8680 Scarborough Drive COLORADO SPRINGS CO 80920
Grades: 06 to 08
CharterSchool: N
HighSchools
MagnetSchool: N
AreaDesc:
Distance: 1.41 Miles
TitleOne: NO
Liberty High School719-234-2200
8720 Scarborough Drive COLORADO SPRINGS CO 80920
AreaDesc:
Grades: 09 to 12 Distance: 1.40 Miles
CharterSchool: N
MagnetSchool: N
TitleOne: NO
Pine Creek High School719-234-2600
10750 Thunder Mountain Avenue COLORADO SPRINGS CO 80908
AreaDesc:
Grades: 09 to 12 Distance: 1.88 Miles
CharterSchool: N
MagnetSchool: N
TitleOne: NO
Yourassignedschoolshouldbethefirstschoolineachcategory,butitisrecommendedyoucheckwiththedistrictorschool. Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.
Whatistheperformance framework?
2024PerformanceFrameworkResults
PerformanceIndicatorRatings
Howdidstudentsperformondifferentpartsofthe performanceframework?
OfficialPerformanceRating
Howareperformanceframeworkratingsdetermined?
Postsecondary& WorkforceReadiness: Meets
Achievement: Meets
Growth: Meets
Exceeds Expectations Meets Expectations
Approaching Expectations
DoesNotMeet Expectations
Howdothedifferentperformanceindicators factorintotheofficialperformancerating?
WhatisUnified ImprovementPlanning?
ImprovementStrategies
Whatstrategieshavebeenputin placetoaddressrootcauses?
SupportingtheWholeStudent ImplementationofProfLearningComm (PLC)andMulti-TieredSystemofSupports
UtilizeStudentData
Whatdoesthisratingmeanandhowdoesit comparetootherdistricts?
2023-24UnifiedImprovementPlan
RootCauses
Whatissuesunderliethese challenges?
GuaranteedandViableCurriculum BehaviorSupport Accountability
Listcontinues.Clickbelowtoviewmore.
PerformanceChallenges
Whereisthedistrictfocusingits attention?
Whatistheperformance framework?
2024PerformanceFrameworkResults
PerformanceIndicatorRatings
Howdidstudentsperformondifferentpartsofthe performanceframework?
OfficialPerformanceRating
Howareperformanceframeworkratingsdetermined?
Achievement: Meets
Growth: Meets
Exceeds Expectations Meets Expectations
Approaching Expectations
DoesNotMeet Expectations
Howdothedifferentperformanceindicators factorintotheofficialperformancerating?
WhatisUnified ImprovementPlanning?
ImprovementStrategies
Whatstrategieshavebeenputin placetoaddressrootcauses?
Attendprofessionallearning opportunities.
Implementationofcurriculumand intervention
Whatdoesthisratingmeanandhowdoesit comparetootherschools?
2024-25UnifiedImprovementPlan
RootCauses
Whatissuesunderliethese challenges?
LackofIntervention
Lackofspecializedinstruction
PerformanceChallenges
Whereistheschoolfocusingits attention?
Principal: JenniferSterk
2024PerformanceFrameworkResults
Whatistheperformance framework? OfficialPerformanceRating Howareperformanceframeworkratingsdetermined?
PerformanceIndicatorRatings
Howdidstudentsperformondifferentpartsofthe performanceframework?
Achievement: Meets
Growth: Meets
Exceeds Expectations Meets Expectations Approaching Expectations
DoesNotMeet Expectations
Howdothedifferentperformanceindicators factorintotheofficialperformancerating?
WhatisUnified ImprovementPlanning?
ImprovementStrategies
Whatstrategieshavebeenputin placetoaddressrootcauses?
Cycles
Whatdoesthisratingmeanandhowdoesit comparetootherschools?
2024-25UnifiedImprovementPlan
RootCauses
Whatissuesunderliethese challenges?
PerformanceChallenges
Whereistheschoolfocusingits attention?
Listcontinues.Clickbelowtoviewmore.
2024PerformanceFrameworkResults
Whatistheperformance framework? OfficialPerformanceRating
PerformanceIndicatorRatings
Howdidstudentsperformondifferentpartsofthe performanceframework?
Howareperformanceframeworkratingsdetermined?
Postsecondary& WorkforceReadiness: Exceeds
Achievement: Meets Growth: Meets
Howdothedifferentperformanceindicators factorintotheofficialperformancerating?
WhatisUnified ImprovementPlanning?
ImprovementStrategies
Whatstrategieshavebeenputin placetoaddressrootcauses?
Whatdoesthisratingmeanandhowdoesit comparetootherschools?
2024-25UnifiedImprovementPlan
RootCauses
Whatissuesunderliethese challenges?
PerformanceChallenges
Whereistheschoolfocusingits attention?
COMMUNITY
CITY OF COLORADO SPRINGS
488,507 POPULATION
$83,351
MEDIAN INCOME
38
MEDIAN AGE
Colorado Springs is nestled at the eastern edge of the Rocky Mountains, just about 70 miles south of Denver. Known for its stunning natural beauty, it’s home to iconic landmarks like Pikes Peak, which inspired the famous song “America the Beautiful.” The city blends outdoor adventure with vibrant urban life, boasting a mix of military installations, tech companies, and cultural attractions. With over 190 square miles of diverse neighborhoods, Colorado Springs is one of the fastest-growing cities in the U.S., offering everything from scenic hiking trails and gardens to a lively downtown and renowned museums.
SCHOOL DISTRICTS
Colorado Springs Academy
Falcon
Widefield
Fountain-Fort Carson
HOUSING
Harrison Cheynne
65.2% of Homes Owner Occupied
34.8% of Homes Rented
POPULATION DENSITY
2,504 Inhabitants per Sq. Mile
193,920 Homes with an Average of 2.48 Inhabitants
AGE DEMOGRAPHIC
21.6% under age 18
9.3% between ages 18 to 24
30.9% between ages 25 to 44
22.3% between ages 45 to 64
16.2% above age 65
CITY QUICK FACTS
2nd Largest City in Colorado 195 Square Miles
6,035 feet elevation
Highest Average Temperature 70º
Lowest Average Temperature 30º
Averages 300 Sunny Days per Year
Pikes Peak Inspired the song “America the Beautiful”
The area around Colorado Springs was originally home to Native American tribes such as the Ute, Cheyenne, and Arapaho, who lived and hunted along the foothills of the Rocky Mountains for centuries. Founded in 1871 by General William Jackson Palmer, Colorado Springs began as a resort town known for its healthy climate and stunning scenery. The arrival of the railroad and mining boom spurred growth, followed by its development as a key military center with installations like the U.S. Air Force Academy. Today, the city honors its Native roots while embracing its pioneer past and rapid modern expansion.
EL PASO COUNTY BASE MAP
5261 JANGA DR COLORADO SPRINGS CO 80924
62252-09-055 EL PASO COUNTY CO
Animal - Services
NameAddressTelephoneDistance
Mueller,AmyCDVM-Mueller4760FordDr719-495-01801.94Mi
Mueller,AmyCDVM-BlackFo12740BlackForestRd719-495-36662.90Mi
Flenniken,QuinnDVM-Briarg7530RangewoodDr719-599-33393.06Mi
Brace,CarrieDDVM-Briarga3455BriargateBlvd,#100719-528-55573.22Mi
Schmurr,RobertDVM-PikesP6215NorthwindDr719-338-38304.46Mi
Banks
NameAddressTelephoneDistance
WellsFargoBank9649ProminentPt719-522-28601.01Mi IntegrityBank&Trust5550PowersCenterPt719-495-37001.77Mi
TCFBank9265NUnionBlvd719-282-04751.84Mi
USBank9225NUnionBlvd719-282-90551.87Mi
BankofColorado11580BlackForestRd719-494-05002.04Mi
Credit Unions
NameAddressTelephoneDistance
EntFederalCreditUnion7250CampusDr719-623-47975.37Mi
EntFederalCreditUnion-Wo7110CampusDr719-574-11005.38Mi
EntFederalCreditUnion-St6060ChampionshipVw719-574-11006.14Mi
EntFederalCreditUnion-UC1420AustinBluffsPky719-574-11007.26Mi
AirAcademyFederalCUConstitutionAve719-593-86008.06Mi
Coffee Shops
NameAddressTelephoneDistance
Starbucks:SuperTargetColo9670ProminentPt719-302-42660.98Mi
Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.
5261 JANGA DR COLORADO SPRINGS CO 80924
62252-09-055 EL PASO COUNTY CO
Coffee Shops
NameAddressTelephoneDistance
Starbucks:BriargateandUnio9275NUnionBlvd719-282-88421.84Mi
Starbucks9275NUnionBlvd,#100719-282-88421.84Mi
Starbucks:KingSoopers-Color9225NUnionBlvd719-522-22001.87Mi
Starbucks:Albertsons-NUnion8750NUnionBlvd719-282-90662.40Mi
Eating and Drinking Places
NameAddressTelephoneDistance
PikesPerkCoffee&TeaHouse5547PowersCenterPt719-282-97441.78Mi
PapaMurphy'sTake'n'Bake9205NUnionBlvd,#160719-282-84811.89Mi
PapaJohn'sPizzaCO-21719-391-72721.97Mi
BlackForestPiesandGrinder11470BlackForestRd719-495-85551.98Mi
BlackForestSubway11590BlackForestRd719-495-47772.05Mi
Golf Courses
NameAddressTelephoneDistance
PineCreekGolfClub9850DivotTrail719-594-99992.56Mi
GleneagleGolfClub345MissionHillWay719-488-09006.43Mi SpringsRanchGolfClub3525TuttBlvd719-573-48636.82Mi AntlerCreekGolfCourse9650AntlerCreekDr719-494-19007.18Mi BlueCourseatEisenhowerGolParadeLoop719-333-47357.31Mi
Grocers and Supermarkets
NameAddressTelephoneDistance
Target9670ProminentPt719-302-42670.98Mi
BankOne-BankOneIn-Store-8750NUnionBlvd719-227-63102.40Mi
Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.
5261 JANGA DR COLORADO SPRINGS CO 80924
62252-09-055 EL PASO COUNTY CO
Grocers and Supermarkets
NameAddressTelephoneDistance
BlackForestStore12480BlackForestRd719-495-35562.68Mi
SafewayFood&Drug-Colorad7655NUnionBlvd719-531-94983.55Mi
ChinaCafe2761BriargateBlvd719-260-11113.66Mi
Health Clubs and Spas
NameAddressTelephoneDistance
Curves6825SilverPondsHts719-495-77252.16Mi
SlimandTone8670NUnionBlvd719-282-85502.46Mi
Villaspa5904PrairieSchoonerDr719-522-12213.18Mi
SnapFitness-FitnessClub7075AustinBluffsPky719-260-76273.29Mi
SozoFitness2375TelstarDr,#150719-548-84003.52Mi
Hospitals
NameAddressTelephoneDistance
Penrose-stFrancisHlthServs2215NCascadeAve719-776-50009.49Mi
Hospitals - Acute Care
NameAddressTelephoneDistance
CenturaHealth-penroseStFra2222NNevadaAve719-776-50009.40Mi MemorialHospitalCentral1400EBoulderSt719-365-500010.52Mi
Nursing Homes
NameAddressTelephoneDistance
LibertyHeights12205GunstockDr719-481-94943.96Mi
ParkmoorVillageHealthcareC3625ParkmoorVillageDr719-550-02007.37Mi ColonialColumnsNursingCent1340EFillmoreSt719-473-11058.34Mi
PikesPeakCareAndRehabilit2719NUnionBlvd719-636-16768.39Mi
Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.
5261 JANGA DR COLORADO SPRINGS CO 80924
62252-09-055 EL PASO COUNTY CO
Nursing Homes
NameAddressTelephoneDistance
SpringsVillageCareCenter110WVanBurenSt719-475-86869.35Mi
Offices and Clinics of Chiropractors
NameAddressTelephoneDistance
Paxton,RonaldADC-BlackF8965BlackForestRd719-495-94101.93Mi
Holliger,MariaVDC-Caring4975AustinBluffsPky719-574-82785.34Mi
Ohrdorf,RonaldTDC-Weber1220NWeberSt719-635-308510.19Mi Garrison,JohnCDC-Crossin627NWeberSt,#2719-471-733310.70Mi Williams,DannyCDC-Willia1819WColoradoAve719-635-355511.72Mi
Offices and Clinics of Dentists
NameAddressTelephoneDistance
ThomasSJenningsColorado21719-590-71001.15Mi
DouglasLylePeak3279SilverPineTrailN/A2.00Mi
DaleLGiebink3530HarborIslandDr719-266-19522.45Mi
RockyMountainProstheticDnt7560RangewoodDr,#dr-310719-388-18183.00Mi GaryLField2175MulliganDr719-598-08723.08Mi
Offices and Clinics of Medical Doctors
NameAddressTelephoneDistance
Jordeth,WilliamTDDS-Clas4130RoyalPineDr719-531-06361.44Mi
White,HarryCMD-RygielsR4105BriargatePky719-282-40661.56Mi Hughes,CharlesDO-Dermatol8580ScarboroughDr,#225719-531-54001.61Mi Equi-Line11590BlackForestRd,Ste20719-495-89062.05Mi VetlineOfColoradoSprings11590BlackForestRd719-495-89062.05Mi
Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.
5261 JANGA DR COLORADO SPRINGS CO 80924
62252-09-055 EL PASO COUNTY CO
Offices and Clinics of Medical Doctors
Pet Sitting Services
Sudduth,JohnHDVM-Northwe4575NChestnutSt719-593-85828.09Mi
Pharmacies
NameAddressTelephoneDistance
Target9670ProminentPoint719-302-42670.97Mi
BriargateEndoscopyCenter,L4110BriargatePkwy#100719-632-71011.48Mi
CardioSurgeonsOfColoradoS8540ScarboroughDr719-550-83461.60Mi
CaringObGyn4105BriargatePkwy#245719-282-40661.65Mi
BriargateSeniorHealthCente4105BriargatePkwy303-338-38001.65Mi
Places of Religion
NameAddressTelephoneDistance
ChurchOfJesusChristOfLds8610ScarboroughDr719-282-12871.60Mi
FirstBaptistChurch10915BlackForestRdN/A1.69Mi
OurLadyofthePines11020TeachoutRdN/A1.88Mi AmbassadorsFellowship4760FordDr719-495-81801.94Mi
BlackForestLutheranChurch12455BlackForestRdN/A2.67Mi
Retirement Communities
NameAddressTelephoneDistance
AlterraSterlingHouseofBri7560LexingtonDr719-598-42003.28Mi
LibertyHeightsAtNorthgate12105AmbassadorDr719-481-94943.92Mi Sunridge5820FlintridgeDr719-590-12474.86Mi
AlterraWynwoodofColoradoS2780VickersDr719-598-04005.22Mi
Theaboveisbelievedtobeaccurate,butisnotguaranteed. Copyright©1995-2025CDSMarketing,Inc.
UTILITIES & RESOURCES
EL PASO COUNTY UTILITIES
Emergency/Police/Medical/Fire 911
Poison Control (800) 222-1222
www.aapcc.org
United States Postal Service (800) 275-8777
www.usps.com
Xfinity (800) 266-2278
www.xfinity.com
Spectrum (844) 509-8921
www.spectrum.com
Dish Network (800) 318-0572
www.dish.com
DIRECT TV (800) 531-5000 www.directtv.com
Colorado Springs Gazette (866) 632-6397
www.gazette.com
Mountain Metro Transit (719) 385-7433
www.coloradosprings.gov/mountainmetro
Colorado Natural Gas (800) 720-8193
www.coloradonaturalgas.com
Colorado Springs Electric (719) 448-4800 www.csu.org/electric-service
Colorado Springs Water (719) 448-4800
www.csu.org
Colorado Springs Sewer (719) 448-4800
www.csu.org
Waste Management Garbage (800) 808-5901 www.wm.com
Waste Connections (719) 591-5000 wasteconnections.com/colorado-springs
Academy School District 20 (719) 499-1611 www.asd20.org
TITLE & ESCROW
CYBER SECURITY
Because of you… we obsess over cyber security!
Cyber fraud and email hacking is on the rise. Fraudsters may access individual email accounts and monitor the life of your transaction. At the time funds are due to the escrow, fraudsters intercept the information for wiring funds and the fraudsters change the information without the knowledge of the sender or recipient, resulting in the funds being sent to an outside account and never credited to the intended party.
To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires:
Outgoing Wire from WFG to seller or borrower for proceeds
In the escrow paperwork provided you will be asked to provide written instructions on how you want funds dispersed at the close of escrow. If you choose to have the funds sent via wire transfer, WFG will contact you by phone to con rm the wire information provided.
Incoming Wires from buyer and/or lender to WFG bank account
For funds that are to be wired to WFG for your transaction, we will send speci c wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to con rm the wire instructions prior to remittance.
We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience.
http://national.wfgnationaltitle.com/2016/04/05/obsess-cyber-security/
WIRE FRAUD
PROTECT YOUR MONEY WHEN BUYING A HOME: YOUR WIRE FRAUD CHECKLIST
Every day, hackers try to steal your money by emailing fake wire instructions. Criminals will use a similar email address and steal a logo and other info to make it look like the email came from your real estate agent or title company. You can protect yourself and your money by following the steps below.
Don’t send sensitive nancial information via email.
Call, don’t email. Con rm your wiring instructions by phone using a known number before transferring funds.
We will never email wiring instructions to you nor change WFG account information after it’s been provided to you by our sta .
Keep your email account clean, remove any stale messages. Hackers can watch your business patterns and use this information against you.
Ask your bank to con rm the name on the account before sending a wire.
Call your title company or real estate agent within four to eight hours to con rm they have received your money.
This is for informational purposes only and should not be considered legal advice.
WHY IS OWNER’S TITLE INSURANCE IMPORTANT?
The purchase of a home is likely going to be one of the most expensive and important purchases you will ever make. You and your mortgage lender want to make sure the property is indeed yours and that no individual or government entity has any right, lien, claim, or encumbrance to your property.
The title insurance company’s function is to make sure your rights and interests to the property are clear, that transfer of title takes place e ciently, and correctly, and your interests as a homebuyer are protected. Title insurance companies provide services to buyers, sellers, real estate developers and builders, mortgage lenders, and others who have an interest in the real estate transfer. Title companies issue two types of policies - “Owners Policy” (which covers the homebuyer) and “Lenders Policy” (which covers the bank, savings and loan, or other lending institution over the life of a loan). Both are issued at the time of purchase for a one-time premium.
The title company conducts an extensive search of public records to determine if anyone other than you has an interest in the property before issuing a policy. The search may be performed by title company personnel using either public records, or more likely, information gathered, reorganized, and indexed in the company’s title “plant”. With such a thorough examination of records, title problems can usually be found and cleared up prior to purchase of the property. Once a title policy is issued, if for some reason any claim, which is covered under your title policy, is ever led against your property, the title company will pay the legal fees involved in defense of your rights as well as any covered loss arising from a valid claim. That protection, which is in e ect as long as you or your heirs own the property, is yours for a one-time premium paid at the time of purchase.
The title company works to eliminate risks before they develop. This makes title insurance di erent from other types of insurance. Most forms of insurance assume risks by providing nancial protection through a pooling of risks or losses arising from unforeseen events, like re, theft, or accident. The purpose of title insurance, on the other hand, is to eliminate risks and prevent losses caused by defects in title that happened in the past. Risks are examined and mitigated before property changes hands. Eliminating risk has bene ts to both of you, the home buyer, as well as the title company. It reduces the chance adverse claims might be raised, and by doing so reduces the number of claims that have to be defended or satis ed. This keeps costs down for the title company and your title premiums low. With title insurance you are assured that any valid claim against your property will be taken on by the title company, and that the odds of a claim being led is slim.
WHAT IS ESCROW
When your o er has been accepted and conveyed, escrow is opened. An escrow is an arrangement made under contract between a buyer and seller. As the neutral third party, escrow is responsible for receiving and disbursing money and/ or documents. Both the buyer and seller expect the escrow agent to carry out their written instructions associated with the transaction and also to advise them if any of their instructions are not being met, or cannot be met. If the instructions from all parties to an escrow are clearly set out, the escrow o cer can proceed on behalf of the buyer and seller without further consultation.
TYPICAL ROLES IN THE CLOSING PROCESS
The Seller/Agent
• Delivers Purchase Sale Agreement to the escrow agent
• Prepares the paperwork necessary to close the transaction
• Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement
The Buyer/Agent
• Deposits funds required to close with the escrow agent
• Executes the paperwork and loan documents necessary to close the transaction
The Lender
• Deposits loan documents to be provided by the buyer
• Deposits the loan funds
• Informs the escrow agent of the conditions under which the loan funds may be used
The Escrow Agent
• Clears Title
• Obtains title insurance
• Obtains payo s and release documents for underlying loans on the property
• Receives funds from the buyer and/or lender
• Prepares vesting document a davit on seller’s behalf
• Prorates insurance, taxes, rents, etc.
• Prepares a nal statement (often referred to as the Closing Disclosure or CD) for each party, indicating amounts paid in conjunction with the closing of your transaction
• Forwards deed to the county for recording
• Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties
Escrow is the process that gathers and processes many of the components of a real estate transaction. The escrow agent is a neutral third party acting on behalf of the buyer and seller.
WHAT IS TITLE
Title insurance insures against nancial loss from defects in title, liens, or other matters. It protects both purchasers and lenders against loss by the issuance of a title insurance policy. Usually, during a purchase transaction the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner’s Policy).
It will protect against lawsuits if the status of the title to a parcel or real property is other than as represented, and if the insured (either the owner or lender) su ers a loss as a result of a title defect. The insurer will reimburse the insured for that loss and any related legal expenses.
How is title insurance di erent than other types of insurance?
While the purpose of most other types of insurance is to assume risk through the pooling of monies for losses happening because of unforeseen future events (like sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past. To achieve this, title insurers perform a thorough search and examination of the public records to determine whether there are any adverse claims (title defects) attached to the subject property. These defects/claims are either eliminated prior to the issuance of a title policy or their existence is excepted from coverage. The policy is issued after the closing of your new home, for a one time nominal fee, and is good for as long as you own the property.
What’s involved in a title search?
A title search is made up of three separate searches:
• Chain of Title – History of the ownership of the subject property
• Lien & Encumbrance Search – Discloses liens and encumbrances on the subject property
• Exceptions from Coverage Search –Includes Easements, Covenants, Conditions and Restrictions, etc.
After the three searches have been completed, the le is reviewed by an examiner who determines:
• If the Chain of Title shows that the party selling the property has the rights to do so.
• Whether there are any unsatis ed judgments on the Judgment and Name Search against the previous owners, sellers, or/and purchasers.
Rights established by judgment decrees, unpaid federal income taxes, and mechanics liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights. The title search will only uncover issues in title that are of public record and therefore allowing the title company to work with the seller to clear up these issues and provide the new buyer with title insurance.
Once the searches have been examined, the title company will issue a commitment, stating the conditions under which it will insure title. The buyer, seller, and the mortgage lender will proceed with the closing of the transaction after clearing up any defects in the title that have been uncovered by the search and examination.
WHO PAYS FOR WHAT IN COLORADO
The examples below are typical. However, the real estate purchase agreement will ultimately determine who is paying for what expenses.
The Seller
• Real Estate Commission
• Document preparation fee for Deed
• Payo of all loans in the seller’s name (or existing loan balance if being assumed by Buyer)
• Interest accrued to lender being paid o
• Statement Fees, Reconveyance Fees, and any prepayment penalties to Payo Lender
• Home Warranty (according to contract)
• Any judgments, tax liens, etc. against the seller
• Tax proration (for any taxes unpaid at time of transfer of title)
• Any unpaid Homeowners’ Association dues
• Recording charges to clear documents of record against seller
• Any bonds or assessments (according to contract)
• Any and all delinquent taxes
• Notary Fees
Personal Property vs. Real Property
The Buyer
• Title Insurance Premium for Lender’s Policy
• Escrow Fee (one half)
• Document preparation (if applicable)
• Notary fees
• Recording charges for all documents in Buyers’ names
• Tax proration (from date of acquisition)
• Homeowners’ Association transfer fee
• HOA proration (from date of acquisition)
• All new loan charges (except those required by lender for seller to pay
• Interest on new loan from date of funding to 30 days prior to rst payment date
• Assumption/Change of Record fees for takeover of existing loan (if applicable)
• Bene ciary Statement Fee for assumption of existing loan (if applicable)
• Inspection Fees (roo ng, property inspection, geological)
• Home Warranty (according to contract)
• Fire Insurance Premium for rst year
• Any bonds or assessments (according to contract)
The distinction between personal property and real property can be the source of di culties in a real estate transaction. A purchase contract is normally written to include all real property; that is, all aspects of the property that are fastened down or which are an integral part of the structure. For example, this would include light xtures, drapery rods, attached mirrors, and trees and shrubs in the ground. It would not include potted plants, free-standing refrigerators, washer/dryer, microwave, bookcases, lamps, etc. If there is any uncertainty whether an item is included in the sale or not, it is best to be sure that the particular item is mentioned in the purchase agreement as being included or excluded.
DISCLAIMER:
This information is provided for informational purposes only and no warranties are made.
TITLE VESTING
TENANCY IN SEVERALTY
Ownership of property vested in one person rather than held jointly with another.
JOINT TENANCY WITH RIGHT OF SURVIVORSHIP TENANCY IN COMMON
Parties need not be married; may be more than two persons.
Parties need not be married; may be more than two persons.
Also called sole tenancy.
The sole owner may use, encumber, rent, sell, and convey at their discretion.
The owner may transfer the property via a Will, Trust, or a Bene ciary Deed upon their death.
Each joint tenant holds an equal and undivided interest in the estate, unity of interest.
Upon death, the estate of the decedent must be “cleared” through probate or adjudication.
One joint tenant can partition the property by selling his or her joint interest.
Each joint tenant holds an undivided fractional interest in the estate. May be disproportionate interest e.g. 20% and 80%; 40% and 60%; etc.
Each tenant’s share can be conveyed, mortgaged, or devised to a third party.
Requires signatures of all joint tenants to convey or encumber the whole.
Requires signatures of all to convey or encumber the whole.
Estate passes to surviving joint tenants outside of probate.
No court action required to “clear” title upon the death of joint tenant(s).
Upon death, the tenant’s proportionate share passes to his or her heirs by will or intestacy.
Upon death, the estate of the decedent must be “cleared” through probate or adjudication.
DISCLAIMER – The foregoing contains informational examples only and is not to be construed as legal advice. Given the complexities involved in acquiring and holding legal title to real property, WFG strongly recommends that you seek legal advice from an attorney prior to doing so.
55 Madison Street, Suite 690
Denver, CO 80206 (720) 475-8325
NORTH
12050 N Pescos Street, Suite 110 Westminster, CO 80234 (720) 475-8350
8610 Explorer Drive, Suite 105
Colorado Springs, CO 80920 (719) 598-5355
7800 E Union Avenue, Suite 310 Denver, CO 80237 (720) 475-8300
3. DENVER TECH CENTER / COMMERCIAL
4.
METRO OFFICE
2. COLORADO SPRINGS OFFICE
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TABLE OF CONTENTS
Altos Market Report
WFG’s My Home
Talking House Tent Cards
CC&R’s (if applicable)
The information contained is provided by WFG’s Customer Service Department to our customers, and while deemed reliable, is not guaranteed.
Colorado Springs, CO 80924
REPORT FOR 9/11/2025
Single-Family Homes
This week the median list price for Colorado Springs, CO 80924 is $710,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 141.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Colorado
Real-Time Market Profile
Median List Price$710,000 Median Price of New Listings $592,500 Per Square Foot$207
Days on Market 95
Slight Seller's Advantage
Market Narrative
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Market Segments
Slight Seller's Advantage
Each segment below represents approximately 25% of the market ordered by price.
Colorado Springs, CO
Median List Price
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Segments
In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.
Colorado
Price Per Square Foot
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels. 7-Day
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
Colorado Springs, CO
Market Action Index
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Market Action Segments
Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the highend) will weaken before the rest of the market and signal a slowdown for the whole group.
Colorado
Springs, CO 80924
Median Days on Market (DOM)
The properties have been on the market for an average of 91 days. Half of the listings have come newly on the market in the past 64 or so days. Watch the 90-day DOM trend for signals of a changing market.
Segments
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
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CONSUMER EXPERIENCE TIMELINE
TRANSACTION CLOSED
GATHER UP
SIGNING SCHEDULED
CLOSE TO SIGNING
TITLE CLEARED
UPDATER INVITATION
TITLE REPORT DELIVERED
TRANSACTION STARTED
MIDPOINT FEEDBACK
EARNEST MONEY
THINGS TO REMEMBER
Covenants, Conditions & Restrictions
Our search found no CC&R’s of record for this property. However, no examination of title has been made and WFG National Title assumes no liability.