Question: There is a home in my farm area which just closed at a price 30% more than it is worth. This conclusion is based not just on my knowledge of the house and the market, but also on the listing history. The property initially went on the market six months ago. Over the six months, … Continue Reading
Alimony has its historical origins in the assumption that a woman who left her husband would be unable to support herself. However, if a wife divorced her husband without cause, or if she was an adulterer or engaged in other conduct that made her “at fault,” the wife would not be able to collect … Continue Reading
Co-Author: Karen Radakovich, Esq. See Senate Bill 100 – Part II Question: As a REALTOR® what do I need to know about Senate Bill 100 (“SB100”), the law which requires sellers to provide homeowners’ association governing documents and other financial information to buyers? Response: The Colorado Real Estate Commission Update course for 2005 educated REALTORS® … Continue Reading
Co-Author: Karen Radakovich, Esq. Go to Senate Bill 100 – Part I Question: As a REALTOR® what do I need to know about Senate Bill 100 (“SB100”), the law which requires sellers to provide homeowners’ association governing documents and other financial information to buyers? Response: Part I, addressed seven questions related to Senate Bill 100. … Continue Reading
Co-Author: Janeen R. Hill, Esq. Question: I just bought a property through the foreclosure process. I expected that the foreclosure of the first deed of trust would extinguish all liens against the property, including delinquent homeowner’s association fees. Now the association is claiming a lien for six months of assessments, plus the attorneys fees spent … Continue Reading
Why Installment Land Contracts (ILC) and Lease/Option Agreements Are Risky Co-Author: Zac Grey This article was last updated on November 5, 2024. For buyers, using an installment land contract (ILC), also known as a “contract for deed,” or a lease with an option to purchase can be risky. Often, these methods are used when buyers … Continue Reading
Recent changes in Colorado law have created new opportunities for parents in divorce, post-divorce, and custody (allocation of parental responsibility) cases to resolve disputes and implement parenting plans, without Court intervention. The parties may use the services of a parenting coordinator, parenting decision-maker, or arbitrator. Parenting Coordinator A parenting coordinator may be appointed by the … Continue Reading
Co-Author: David A. Farus, Esq. This article explains the exception for Payment for Services Actually Rendered. Another article on our site explains the Affiliated Business Arrangements (ABA’s) exception. Question: I own a real estate brokerage firm. Mortgage companies and others profit from the business I refer to them. Does RESPA prohibit me from receiving referral … Continue Reading
Co-Author: David A. Farus, Esq. This article explains the RESPA exception for Affiliated Business Arrangements (ABA’s). Another article on our site explains the exception for Payment for Services Actually Rendered. Question: I own a real estate brokerage firm. Mortgage companies and others profit from the business I refer to them. Does RESPA prohibit me from … Continue Reading
Co-Author: Jon Goodman Question: How does the mediation process work? Response: Section 21 of the Real Estate Commission-approved Contract to Buy and Sell Real Estate (Residential) (CBS 2-7-04) provides, in part, as follows: “If a dispute arises relating to this contract, prior to or after Closing, and is not resolved, the parties shall first proceed … Continue Reading
