Co-Author: Jordan J. Bunch, Esq. Question: It is not uncommon for first time homebuyers to get a second mortgage loan from their parents. Does this
Co-Author: Jordan J. Bunch, Esq. Question: Are loans made for the purchase of residential investment properties “residential mortgage loans” under Colorado law? Quick Answer: The
Imagine a scenario where you own a property free and clear of any mortgage and you find a buyer who wants to buy the property
Home Affordability Modification Program (“HAMP”) Lender Incentives to Modify Mortgage Payments The Home Affordability Modification Program (“HAMP”) is the federal loan modification program designed to
The Home Affordability Modification Program(“HAMP”) has been largely unsuccessful in creating permanent loan modification solutions that allow distressed homeowners to remain in their properties. In
In 2009, the Wall Street Journal estimated that over 25 percent of American households with mortgages were worth less than the total debt secured
Co-Author: Karen J. Radakovich, Esq. General Concepts Bankruptcies affect real estate brokers. For example, listing brokers are typically hurt when their short payoff sellers file
Co-Author: Jeremy S. Durham At the time of the publication of this article, the seizing of the credit markets seems to have stalled all but the
Co-Author: Jeremy S. Durham Buyers at foreclosure auctions must purchase with cash (eliminating much competition), often don’t have the opportunity to inspect the interior of the
In today’s slower real estate market, lenders are more cautious about making loans and sellers are more inclined to agree to carry financing to sell
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