If you are a REALTOR® or Mortgage Lender working with a property in foreclosure, please obtain written authorization signed by the borrower that allows us to release information to you and follow the instructions below. PAYOFF Payoff means to pay the entire loan balance, typically through a refinance or a sale of the property. If … Continue Reading
DELINQUENCY: The day after a payment is due, a loan is DELINQUENT. If the grace period runs until the 16th of each month (as it does for all FHA loans) and payments are posted each month on the 10th, then the loan becomes DELINQUENT for a short period each month. DEFAULT: A loan is … Continue Reading
REPAYMENT PLAN To ask your lender to set up a repayment plan for you, if we represent your lender, then please send a request to our office, via fax to 303-494-6309 or via regular mail to 4750 Table Mesa Drive, Boulder, CO 80305, Attention: Foreclosure Department. Please include your name, property address, lender’s name, loan … Continue Reading
Repayment Plan Request Form Cure / Reinstatement Request Form Payoff Request Form Notice of Intent to Cure Form
CO-Author: Jon Goodman, Esq. As businesses reduce staff or shut down locations, they often remain obligated on long term leases. Subleasing unused space helps offset continuing liability. Subleases are often documented by simple forms specifying the premises, gross rental rate, security deposit and duration for the sublease, but then address other issues by incorporating the … Continue Reading
CO-Author: Jon Goodman, Esq. As businesses reduce staff or shut down locations, they often remain obligated on long term leases. Subleasing unused space helps offset continuing liability. Subleases are often documented by simple forms specifying the premises, gross rental rate, security deposit and duration for the sublease, but then address other issues by incorporating the … Continue Reading
For entrepreneurs seeking to raise money for a business or investment opportunity, one alternative is to make a private placement offering of securities to potential investors. A private placement offering is a limited offering of securities, such as shares of stock of a corporation or interests in a partnership or limited liability company, which … Continue Reading
Domestic violence is a serious issue requiring involvement of the court system and law enforcement to protect the safety of the victim and punish the offender. However, calling 911 and involving the court and law enforcement when there is a disagreement or argument can have life changing consequences for the couple involved in the … Continue Reading
Co-Author: Kirsten A. Westerland, Esq. The expression, “I have some swampland in Florida that I’d like to sell you,” is based upon schemes in the 1960s and 1970s where scammers sold consumers real property in Florida that could not be built or improved upon. The Federal Government responded with the Interstate Land Sales Full Disclosure … Continue Reading
Co-Author: Kirsten A. Westerland At the time of the publication of this article, the demand for residential lots is dead. Lenders find themselves foreclosing on and owning lots. When lenders sell those lots, they need to be mindful of the Interstate Land Sales Full Disclosure Act (“ILSFDA”). ILSFDA is somewhat like a mini-securities law for … Continue Reading
