Jon GoodmanDoes a seller have an obligation to accept full price, cash offers? If a seller receives a full price, 100% cash offer with proof of buyer funds, is the seller obligated to accept that offer? The answer is probably no, but the seller probably owes the listing broker a commission. Learn about the factors that … Continue Reading
The new “Time of Day Deadline” allows parties to establish the end of the day for most (but not all) deadlines in the Colorado Real Estate Commission contract to buy and sell.
The pre-2022 “Loan Termination Deadline” is splitting into two concepts: the New Loan Terms Deadline & the New Loan Availability Deadline.
Learn about the new Water Rights and Mineral Rights Examination Deadlines in the 2022 Colorado Real Estate Commission Approved Contract.
Once a buyer submits and Inspection Objection, and before the contract dies naturally after the Resolution Deadline passes without a resolution, can the buyer kill the deal before the end of the Inspection Resolution Deadline?
How to avoid risks of allowing a seller to remain in the property after closing.
Loan Due On Transfer The current conventional wisdom is that so long a lender is receiving payments, the lender will not call a loan in default just because the borrower conveyed title, without paying off the debt, in violation of “due-on-transfer” clauses in the mortgage. That conventional wisdom is based, however, on experiences born out … Continue Reading
Sellers Don’t Give Up Your Clout Too Soon In tight inventory markets, sellers sometimes want to kick a buyer out of the deal because, for example, the buyer’s proof of funds or loan commitment disappoints. But once a buyer has a contract, the buyer has the upper hand. The seller will have a challenge kicking … Continue Reading
Colorado has a statute that can make it illegal for a seller to listen in on conversations among buyers or buyers and their brokers touring a property. Learn how to manage the disclosure issues.
Learn how the buyer is exposed to claims that the buyer has breached the contract if the buyer applies for a lower LTV loan that the one reflected in the §4 chart in the contract.
