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
What do Dodd-Frank and Consumer Financial Protection Bureau Regulations Mean for Owner Financing in Colorado? The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) introduced a host of new regulations designed to protect consumers and avoid another housing collapse. Key components of Dodd-Frank were designed to create greater certainty that borrowers can repay their … Continue Reading
Why Installment Land Contracts (ILC) and Lease/Option Agreements Are Risky Co-Author: Zac Grey This article was last updated on November 5, 2024. For buyers, using an installment land contract (ILC), also known as a “contract for deed,” or a lease with an option to purchase can be risky. Often, these methods are used when buyers … Continue Reading
