Updates to CP-46: Disclosure of Adverse Material facts 8/24/2015: The Real Estate Commission adopted Commission Position 46, regarding brokers disclosure of adverse material facts, Jon Goodman discusses the commission’s new position.
CREC Approved Forms & Seller Carry Financing. 7/27/2015: The 2014 CREC approved forms essentially eliminate the Seller Carry Financing provisions. Yet, in the right circumstances, Seller Carry Financing might be the best available option for both the seller and the buyer. Understand the options for advancing Seller Carry deals in the coming new era. More … Continue Reading
Replacement Home Contingencies 6/22/2015: Replacement Home Contingencies – One of the ways that Buyers try to make their offers attractive is to give the Seller flexibility. Often the fear of not finding a replacement property inhibits Sellers from going under contract with Buyers. Some Buyers offer the Seller a Replacement Home Contingency making the Seller’s … Continue Reading
Specific Performance 5/26/2015: Specific Performance: Why it Works for Buyers Against Sellers and Not Sellers Versus Buyers. Learn why sellers should generally use their bargaining clout to get things other than a specific performance remedy versus a buyer.
Co-Author: Jordan C. May, Esq. Property Taxes in Colorado – How are they determined and what can I do about it? Overview Colorado’s system of real property taxation can leave homeowners confused and frustrated. This may be especially true if a homeowner receives a Notice of Valuation reflecting an unexpected increase in the value of … Continue Reading
Modified Appraisal Contingencies 4/20/2015: Modified Appraisal Contingencies – In hot markets, it is common for the parties to create appraisal contingencies contemplating that the house might appraise for less than the purchase price. Sometimes Buyer’s argue that these clauses create an obligation for the Seller to lower the price. Learn how to spot and avoid … Continue Reading
“Love Letters” and Fair Housing Laws 3/23/2015: “Love Letters” and Fair Housing Laws: When there is a drought of supply of residential real estate inventory, some buyers look for a competitive advantage by submitting letters with the offer that attempt to appeal to non-financial seller motivation. Without a conscious strategy of asking the seller to … Continue Reading
Buy “Tail Coverage” When you Retire 2/17/2015: After professionals retire, they may be sued for alleged wrongs that occurred before retirement. When you retire you need to buy insurance that covers you after you retire. This video explains the need for, and the path to acquire, “tail” insurance.
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
Over the past several years the people of Colorado have debated how to protect homeowners from defects in the construction of their newly purchased homes, while still giving the economy a boost and encouraging builders to continue to build and provide new and affordable multi-family housing in Colorado. Efforts last year to revise the existing … Continue Reading
