Letters of Intent
While letters of intent can be a constructive step towards reaching a contract, they have pitfalls, especially for sellers and landlords.
Webcast
Earnest Money Release
Earnest Money Release Revolution: The 2017 Colorado Real Estate Commission Approved Earnest Money Release form no longer has an automatic release. 2/27/17: Earnest Money Release Revolution. Prior to 2017 the Colorado Real Estate Commission Approved Earnest Money Release form essentially provided for a full release between the buyer and the seller (if both sides signed … Continue Reading
Listing Agreement & Holdover Rights
Listing Agreement & Holdover Rights: Colorado Contract to Buy and Sell Real Esatate 1/25/17: Listing Agreement & Holdover Rights. What are Holdover Rights? When do Holdover Rights Apply? What happens if the old listing agreement does not expire but it is terminated? Who qualifies as a Holdover Buyer?
Bargain and Sale Deed
Bargain and Sale Deed – Learn about the difference between a Quit Claim Deed and a Bargain and Sale Deed. 11/29/16: Bargain and Sale Deed. What is a Bargain and Sale Deed? When should you use a Bargain and Sale Deed? Learn about the difference between a Quit Claim Deed and a Bargain and Sale … Continue Reading
Wire Fraud
Wire Fraud – Learn how to avoid wire fraud in Colorado Real Estate Transactions 10/18/16: Wire Fraud. Don’t wire your money to criminals. Learn how to avoid getting duped!
General Warranty Deed vs. Special Warranty Deed
General Warranty Deed vs. Special Warranty Deed for Re-Sale Sellers. A general warranty deed creates liability for a seller beyond the warranties of a special warranty deed. 8/1/16: General Warranty Deed vs. Special Warranty Deed for Re-Sale Sellers. The market place expects residential re-sale sellers (not builders) to convey title using a general warranty deed. … Continue Reading
Builder Contracts in an Appreciating Market
Builder Contracts in an Appreciating Market 3/30/16: Builder Contracts in an Appreciating Market. Inventory is extremely low in some markets and demand is returning for new homes. Learn (1) how the contracts from production builders don’t provide a meaningful remedy for builder defaults in an appreciating market; (2) what you can do about it; and … Continue Reading
Does a Sale Affect a Tenant’s Lease?
Does a Sale Affect a Tenant’s Lease? 1/25/2016: When a tenant leases a property for a term, a tenant expects to have the right to use the space for the whole term. If the original landlord sells the building, does the new landlord have the right to terminate the lease? Learn the answer by watching … Continue Reading
Buyer Defaults Just Before Closing
Buyer Defaults Just Before Closing 11/30/2015: Even when a contract clearly spells out the consequences of a buyer defaulting on a contract, it may not be practical for the seller to enforce the consequence. Consider the seller whose buyer needs a week extension to get the loan to close. If the contract does not have … Continue Reading
TRID Patches for Buyers
TRID Disclosures 11/28/2015: The conventional wisdom is that the new TRID regulations will make buyer loan approvals more precarious. Additions to contract language which call for an automatic one-time extension for TRID motivated problems are a partial solution. Learn about the options and how to effectively use them.