Co-Author: Lauren M. Taylor[i] This summer, the Colorado General Assembly adopted new limits on the amount of retainage a property owner can withhold from contractors and subcontractors in private construction contracts. Retainage and Limits Retainage is a percentage of a contract or subcontract price withheld from a contractor by a property owner until the completion … Continue Reading
What happens to Foreclosure Overbids; remaining Overbid Funds Now Go to Borrower After Paymet of All Liens.
How to avoid risks of allowing a seller to remain in the property after closing.
Colorado Real Estate Brokers: If you decide to conduct a showing or open house, you should consider protecting yourself, your brokerage firm, and your clients from COVID-19-related risks.
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
What Colorado Brokers Need to Know about Colorado’s Anti-Eavesdropping Statue?
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.
Your tenant has used methamphetamine at your property and now you are stuck footing the bill for costly remediation and testing. Does your homeowners insurance policy cover this damage?
