Once you determine that you must use the Foreclosure Protection Act version of the Colorado Contract (see: Must I Use Colorado Foreclosure Protection Act form for the sale of all CO foreclosure property?) watch this video to learn how to complete the form.
The video encourages you to review the Colorado Division of Real Estate’s flow chart describing when to use the Colorado Foreclosure Protection Act Contract here. If you come to the same answer with the Division’s flow chart and the information in this video, then you are probably right. If you produce different answers, you should … Continue Reading
The answer depends on the situation. Regardless of whether the listing broker must disclose, there are situations in which it may be in the seller’s best interest to disclose. Learn how to distinguish between situations when you should disclose versus situations when you need not disclose.
What happens to Foreclosure Overbids; remaining Overbid Funds Now Go to Borrower After Paymet of All Liens.
Foreclosure Consumer: If you are a consumer borrower contacting our office about a property in foreclosure, please be advised that this law firm is acting as a debt collector, attempting to collect a debt and any information obtained may be used for that purpose.
As a foreclosure attorney, my staff and I constantly field phone calls and e-mails from would-be purchasers of the properties we have in foreclosure. This article attempts to set out the most useful procedures for such callers, to get the most relevant information about a particular property in foreclosure.
Overbid Funds from Colorado Foreclosure Sales – Don’t Leave Money On The Table You May Be Rightfully Entitled To Under State Statute If you are a homeowner that has gone through foreclosure, or a junior lien holder holding a lien on a property that is being foreclosed by a more senior lien holder, under C.R.S. … Continue Reading
Most purchases of Colorado real estate involve some sort of mortgage financing, in order to complete the purchase. Although a majority of mortgage financing is done by banks or other lenders in the business of making loans (known as “institutional lenders”), some financing is done with a private loan usually by either the current owner … Continue Reading
Can I Negotiate a Deed in Lieu of Foreclosure for a Reverse Mortgage? Q: My parents took out a reverse mortgage on their home years ago. My father has since passed away and my mother is about to permanently move into an assisted living facility. No one is living in the home and the amount … Continue Reading
Left In The Cold? Rights Of Lenders, Heirs & Surviving Spouses Upon The Death Of The Reverse Mortgage Borrower Overview of Reverse Mortgages A reverse mortgage can provide a source of income for elderly individuals while allowing them to stay in their home. Many elderly individuals have much of their wealth tied up in the … Continue Reading