Escrow & Title
In Colorado, when does legal title to real property transfer to the buyer?
AA. When the buyer signs the purchase contract
BB. When the deed is executed (signed and notarized) and delivered to and accepted by the buyer✓ Correct
CC. When the deed is recorded at the county
DD. When the buyer receives the keys
Explanation
In Colorado (and generally), legal title passes when the deed is executed, delivered by the grantor, and accepted by the grantee. Recording the deed provides constructive notice to the world but is not required for the transfer of title between the parties — though it is strongly recommended.
Related Colorado Escrow & Title Questions
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