Introduction There’s a big change coming to Colorado law in 2014 concerning maintenance (sometimes called “spousal support” or “alimony”). After decades of having maintenance determined on a case-by-case basis determined by the facts in each situation, the new maintenance law will allow judges to apply a maintenance formula when awarding maintenance for periods of time … Continue Reading
Foreign Investment in Real Property Tax Act (Updated: 11/29/17) The federal Foreign Investment in Real Property Tax Act (“FIRPTA”) attempts to reduce opportunities for foreign persons to avoid U.S. income tax on their sales of U.S. real property interests. For that purpose, FIRPTA generally obligates any person who buys a U.S. real property interest from … Continue Reading
Many homeowners ask about the criteria for obtaining a loan modification through their existing lender. I have successfully assisted dozens of borrowers in obtaining modifications. This article will summarize some of the key characteristics of a successful loan modification request. However, before proceeding through these steps, borrowers may wish to contact their lender about a … Continue Reading
Effective May 1, 2013, Colorado is now one of several states in the United States that recognizes “civil unions.” Colorado’s civil union law allows two eligible persons to receive the same benefits and protections that married spouses have under Colorado law. A partner in a civil union is a person who has established a “civil … Continue Reading
Question: I recently agreed to enter guilty plea to resolve certain criminal charges against me. What are the consequences to my Colorado real estate license? Answer: Agreeing to enter a plea of guilty or nolo contendere (no contest) to certain state and federal offenses can have important and lasting consequences on one’s Colorado Real … Continue Reading
The Statute of Limitations on a Colorado Home Loan Default Probably Isn’t What You Think. Q: What is the statute of limitations for lenders to pursue borrowers in Colorado who default on a home loan? A: Six years. Conventional wisdom has been that collection actions had to be brought by lenders within six years from the date … Continue Reading
Co-author: Zakary A. Kessler The question of whether certain behavior requires a real estate license is not only a logical place to begin a presentation on real estate license law, it is an important topic for general real estate practitioners. Business brokerage is an area that frequently raises the issue of whether activity requires a … Continue Reading
Co-author: Zakary A. Kessler Colorado first passed its license law statute in 1929.(E1) This author knows of no situation where, absent harm to a consumer, a person encountered litigation or criminal prosecution for the unauthorized practice of brokerage. In the 80 plus years in which Colorado has had real estate licensing law, the annotators of the … Continue Reading
Farrah Soudani Irrevocable Special Needs Trust Press Release VOLUNTEER RAISES MORE THAN $150,000 FOR FRIEND’S DAUGHTER, CRITICALLY INJURED IN AURORA SHOOTING Money will help Farrah Soudani pay for her medical expenses and continued care WHAT: A press conference with Farrah’s mother, Heidi Soudani and Farrah’s father, Sam Soudani, to thank University of Colorado Hospital, doctors, … Continue Reading
Taking the Intimidation out of Preparing for Small Claims Court Usually people do not hire lawyers for representation in Small Claims Court – they represent themselves. Preparing for your trial can be intimidating. I have recently consulted with clients to tackle preparation for their Small Claims Court trial. You want to be ready to go … Continue Reading
