HOUSTON (June 5, 2006) - Stewart Title of Colorado has acquired The Title Company of Crested Butte. Existing management and staff will remain with the office, with president and co-owner Jenny Knox now serving as division president of Stewart Title of Colorado, Crested Butte Division.
"We have been the underwriter for this office since 1994," said Rand Zimmerman, Stewart Title group president. "This acquisition adds another resort/destination community office to our lineup, which includes offices in Winter Park, Aspen, Vail, Steamboat and Dillon.
"Real estate in Crested Butte was given an extra jolt with the sale of the Crested Butte Mountain Resort to Triple Peaks LLC in March 2004," added Zimmerman. "We know there are exciting plans for the future of this dynamic vacation-home community."
The National Association of Realtors® (NAR) announced that in 2005, the combined total of vacation and investment-home sales accounted for a record 40 percent of all residential transactions nationwide. A recent NAR study noted that favorable demographics featuring middle-aged, middle-income households - baby boomers - will provide a fundamental demand for second-home purchases for the next decade.
"We are excited to be part of this first-class operation and feel that Stewart has a lot to offer our clients. It is a great company that is committed to excellence and customer satisfaction," said Knox. "This is a great match because we want our customers to continue to receive the best product and services available."
Stewart Title of Colorado - Crested Butte is located at 411 Third St., Crested Butte, Colo. 81224, phone number (970) 349-0115.
Stewart Title of Colorado is a wholly-owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,000 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, mortgage default management solutions, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com.