To Our Valued Title Company Partners:
In Colorado's dynamic real estate market, ensuring clear title and a seamless closing experience for properties within Homeowners' Associations is paramount. However, identifying all relevant HOAs, navigating complex governing documents, and efficiently obtaining crucial disclosures can be a significant and time-consuming challenge.
Recent legislative changes, particularly those effective in 2025 under the Colorado Common Interest Ownership Act (CCIOA), have further amplified the importance of robust HOA due diligence. These updates emphasize enhanced transparency and quicker access to HOA records, placing a greater responsibility on all parties involved in the transaction to ensure compliance and comprehensive disclosure. While these changes aim to benefit buyers, they can create additional burdens for title companies striving for efficiency.
This is where the Consolidated County Record Systems (COCRS) becomes an invaluable asset for your title company.
Why Partner with COCRS for Your HOA Needs?
- Efficient HOA Identification: Stop wasting valuable time tracking down elusive HOA contacts. COCRS can help you accurately identify all relevant common interest communities associated with a property, even in complex scenarios involving multiple HOAs.
- Expedited Document Retrieval: We understand the critical importance of timely document delivery in the closing process. COCRS can assist in efficiently obtaining the essential HOA documents your title company requires, including:
- Declaration of Covenants, Conditions, and Restrictions (CC&Rs)
- Bylaws and Rules & Regulations
- Annual Financial Statements and Budgets
- Reserve Studies
- Resale Certificates/Status Letters
- Meeting Minutes
- Insurance Information
- Navigating Complex Disclosures: With continuous legislative updates like HB24-1337 and HB25-1233 impacting HOA collections and disclosures, staying abreast of every nuance can be challenging. COCRS provides a centralized point of contact for understanding basic HOA information and helps ensure you have the necessary documentation to mitigate risks for your clients.
- Reduced Friction, Smoother Closings: By leveraging COCRS's expertise in HOA identification and document procurement, your team can reduce administrative burdens, minimize delays, and provide a more efficient and reliable closing experience for all parties involved.
Don't let HOA complexities become a roadblock to your next successful closing!
Contact COCRS today to learn how we can support your title company in navigating Colorado's HOA landscape, ensuring you have the accurate and timely information you need for every transaction.