Property Ownership
In Colorado, the 'torrens' system of title registration differs from the standard recording system in that:
AA. The torrens system records all documents as filed; the recording system guarantees title
BB. The torrens system involves court examination and government certification of title; the standard recording system merely records documents without guaranteeing title✓ Correct
CC. They are the same thing
DD. The torrens system is used in all Colorado counties
Explanation
The Torrens system (used in some states) involves an initial court proceeding to examine title, after which the government issues a certificate of title that is conclusive proof of ownership. Colorado uses the standard recording system, which only provides constructive notice of recorded documents without guaranteeing the accuracy of those documents.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
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