| Subject | Date Asked |
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| settlement date on house | 7/23/2008 |
Q: We found a house we fell in love with 2 1/2 months ago & put a contract pending the sale of our ...
A: I know it will all work out! The details of the situation are a little fuzzy, but I can tell you ...
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| Choosing Realtors? | 7/20/2008 |
Q: We'd like to learn how to invest in investment property, condos, SFH. First we'd like to buy our ...
A: Congratulations on your decision to invest in real estate! It is one of the best wealth building ...
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| Foreclosing a Owner Financed Home | 7/3/2008 |
Q: I sold on a promissory note a single wide trailer on its own property in Pueblo West. She ...
A: The legal answer is.... whatever is written in the promissory note or the deed of trust as ...
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| contract question | 6/20/2008 |
Q: If a real estate agent did not tell me about a termite problem that they knew about before hand is ...
A: In Colorado, it is a breach of contract to not disclose a "material fact". The definition of ...
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| Equity participation | 4/11/2008 |
Q: I want to help my son purchase his home by investing in a single family home that he will occupy ...
A: As long as the home is "owner occupied" (your son will be living there), no you will not be able to ...
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| Equity participation | 4/10/2008 |
Q: I want to help my son purchase his home by investing in a single family home that he will occupy ...
A: If you didn't want to be on the title to the home (showing legal ownership), I would put something ...
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| Contract & Special Deed | 4/2/2008 |
Q: My wife and I are buying a second house for rental investment in Colorado. It will be a cash in ...
A: 1) No, a Special Warranty deed does not provide the same coverage as a General Warranty deed. A ...
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| Moving Back Home | 3/29/2008 |
Q: My parents own property in Jefferson County, Colorado. My father built the house in 1958 and they ...
A: Sorry - I have been out of town for the last few days. It's a complicated problem with a simple ...
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| splitting and selling a duplex | 3/19/2008 |
Q: I currently own a duplex building in north-west Denver (Highlands area). I live in side "A" and i ...
A: First, you need to see how your legal description reads. Since it is a duplex, I'm sure that both ...
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| commissions on a trade | 2/22/2008 |
Q: We were interested in the purchase of a home in Steamboat that is listed in MLS. The owner of the ...
A: I think I'm a little bit confused, but hopefully I have it right. Let me explain and hopefully I ...
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| FSBO and attorney | 2/6/2008 |
Q: My husband and I are considering trying either simple FSBO or Rent-to-own. In what stage will we ...
A: For the sake a saving you a few dollars, I would recommend holding off on an attorney until you have ...
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| mortgage release | 2/5/2008 |
Q: When we bought our land, we bought thru a real estate agency where the owner was financing the land. ...
A: This may not be the answer that you are looking for, but you will need the help of your attorney and ...
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| Buying Short Sale: Bank Approval | 1/25/2008 |
Q: I live in Colorado and have made a full-price offer on a short sale. It was accepted by the seller a ...
A: Sorry this has been such a mess for you! You do need to be patient with some banks. I have had ...
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| RE contract | 1/18/2008 |
Q: I seem to have entered into a bad contract which gives the agent more rights than it does me, ...
A: Legally speaking, yes, your agent can retain half of the earnest money that you are due. I ...
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| Help me understand. | 1/10/2008 |
Q: My husband and I are trying to buy a bank owned home. We have been pre-qualified for a 100% loan ...
A: Honestly, that's a bit of a mystery to me too! If you are fully approved for your financing I don't ...
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| Difference between offered and what is on purchase contract. | 1/9/2008 |
Q: We have been offered a contract to buy a property we own but the purchase price on the contract is ...
A: It is absolutely okay to write a contract for more than an agreed upon amount. Your buyer may have ...
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| Need ask about earnest money! | 12/2/2007 |
Q: My wife and I went to shop the new house and chose the Plantation Homes Builder just one week ago. ...
A: Every builder contract is a little bit different with regards to the earnest money so be sure and ...
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| move house deed | 11/15/2007 |
Q: I am obtaining a log cabin home for free and moving it to avoid it being bulldozed over. The owner ...
A: My best advice would be to get a local title insurance company involved. They will make sure that ...
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| I need advise | 10/24/2007 |
Q: Aloha, My name is Maile Makaena and i am a junior at Molokai High School in Hawaii. I want to become ...
A: You don't need to attend a college/university and in most states you only have to be 18 to get your ...
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| Mortgage re-figuring | 10/22/2007 |
Q: Jay...In 1996 we sold my dad's house (in Spokane) to a young couple and carried the mortgage on a 15 ...
A: Ahhhh...I see what you are saying. That mainly has to do with the accounting on your end. The ...
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| Mortgage re-figuring | 10/22/2007 |
Q: Jay...In 1996 we sold my dad's house (in Spokane) to a young couple and carried the mortgage on a 15 ...
A: I'm not familiar with "sliding interest rate scales". Was it and adjustable rate loan? You can't ...
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| Mortgage re-figuring | 10/21/2007 |
Q: Jay...In 1996 we sold my dad's house (in Spokane) to a young couple and carried the mortgage on a 15 ...
A: You have been forgiving! I'm not sure I would be as lenient as you. When I carry note's, I have ...
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| Equity or not....... | 10/7/2007 |
Q: I have a couple questions about our equity. We have a first loan for 314K and a second (equity) for ...
A: You want to make sure you can afford your new home VA loan or otherwise. After you sell your ...
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| Equity or not....... | 10/7/2007 |
Q: I have a couple questions about our equity. We have a first loan for 314K and a second (equity) for ...
A: In order to sell your home you have to sell for a price that is high enough to pay off both your 1st ...
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| New Home Construction | 10/4/2007 |
Q: I live in Pueblo, CO. I signed a purchase agreement with a home builder here in Pueblo. I gave him a ...
A: Builders contracts are a different breed. All of them are different and they are heavily slanted ...
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| Right of Redemption | 10/3/2007 |
Q: I know every state has different statutes on real estate law, but I am kind of confused on an issue. ...
A: I do remember from back in my REO days that Alabama's foreclosure laws are exceedingly different ...
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| purchasing a bank owned property | 9/17/2007 |
Q: First, I would like to say thank-you for your time. I am currently trying to purchase a bank owned ...
A: Hey Carey, Thanks for the question. You are correct, once the property is REO "bank owned", the ...
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| contract cancelation | 8/30/2007 |
Q: HAVE A QUESTION , I HAVE A SINGLE FAMILY HOME CONTRACT ON MY HAND AND EVERY THING HAS BEEN DONE AND ...
A: Did the seller agree, in writing, to repair the items that you refer to? If so, you have the option ...
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| selling a home that is in a trust | 8/29/2007 |
Q: mr. denit, my parents own a condo in colorado ... they are 87 and 85 ... if one of them passes away ...
A: It would be best to check with a tax professional on that one. The question I have for you, is the ...
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| Unpaid taxes on purchased home | 8/23/2007 |
Q: Hopefully you can provide some insight on my issue. I purchased a home in the state of WA in ...
A: You can never go wrong with seeking a real estate attorney's advice in a sticky situation like that. ...
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| getting out of a contract with real estate agent | 8/22/2007 |
Q: Can I legally get out of the contract with the real agent who is selling my place and go to another ...
A: Yes, you can get out of your contract with your current agent. Call your agent or notify him/her in ...
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| Buyer taking to long | 8/7/2007 |
Q: My home was only listed for two days when I received an offer. The offer was made about three weeks ...
A: It sounds like you agreed to extend the inspection deadline, so the buyer could have another ...
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| Back Tax Forclosure | 7/28/2007 |
Q: I am looking at a home that is being sold for back taxes. If I was to win the bid, what happens if ...
A: Ever state is different in terms of how many years the property taxes have to go unpaid before a ...
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| QuitClaim Deed | 7/21/2007 |
Q: I bought a house with my now ex-girlfriend. Sheis on the mortgage and deed. If we do a quitclaim ...
A: If your ex quit claims you the home, she no longer has ownership of the property. The mortgage and ...
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| taking home off the market | 7/15/2007 |
Q: I have had my house listed on the market for 3 months now. I really need to sell or stay and ...
A: An agent can't legally force you to sell your home. If you would like to take your home off the ...
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| Should i take out a mortgage or pay all-cash for a condo unit.?? | 7/9/2007 |
Q: i am planning on purchasing a condo unit. i can afford to pay for it in all-cash. is there any ...
A: Your accountant would be able to best answer that for your specific situation. Any financial ...
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| real estate | 7/7/2007 |
Q: is a home builder can force you to buy their home after 2 letter of denial and a counter offer way ...
A: No a home builder can not force you to purchase a home. You need to read the builders contract you ...
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| Home assessment | 7/2/2007 |
Q: I am wondering why a homeowner offers a home for sell less than it is assessed for. I am looking at ...
A: Homes often sell for a little less or a little more than assessed value. Tax assessors offices are ...
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| commercial prop | 6/16/2007 |
Q: my name is Nick and I'm planing to buy a commercial property.my problem is getting financed. as a ...
A: Hey Nick, Thanks for the question. To be 100% honest, I don't have much experience with commercial ...
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| buying "AS IS" property | 6/13/2007 |
Q: we are first time home buyers. there is a house that we are looking at that is in foreclosure and is ...
A: J. - You sound like you are on the right track! The only thing I suggest you be aware of is exactly ...
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| selling vs. lease with option to buy | 6/8/2007 |
Q: I recently acquired a home thru a foreclosure, and have had it on the market to sell with very ...
A: Leasing one of your investment properties in a soft market is not a bad idea. On the plus side you ...
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| advice | 1/22/2007 |
Q: I am 30 years old single male from Detroit, MI. I live with my 2 siblings and our mother. I make ...
A: It sounds like you really want to move on on your own and owning your home is a great thing. It ...
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| Selling our home in a bad market | 12/18/2006 |
Q: My husband and I moved out of our house last June, and listed with a 3% real estage agency. The ...
A: I wish I could waive a magic wand and have your home sold for you! In Colorado we are experiencing ...
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| Buying a home with a partner | 12/12/2006 |
Q: I want to help my brother, in Colorado, buy a house; I live in California. I want this to be a ...
A: What part of Colorado are you looking to purchase. If it's the Denver/Boulder metro areas, I would ...
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| help in a poor economy | 12/4/2006 |
Q: I would desperately like your advice on how to pick up my business in a market that has been hit ...
A: I feel your pain with the housing market slowdown. My best advice is hang in there if you can. The ...
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| Lender Back Out | 11/17/2006 |
Q: My question is this: A lender agrees to lend to a borrower on specific land and (mobile home that is ...
A: To be honest, mobile home lending is very specific and a bit outside of my expertise. To get a ...
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| Best Friend Mortgage | 9/26/2006 |
Q: I have a unique situation and I was hoping you could look this over. Let me know if you have any ...
A: The consumer help website gave you good information. There are several ways to attack the situation ...
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| discrimination | 9/23/2006 |
Q: I have a agent that I am working with and I asked to see a property that is in my price range and ...
A: You first need to establish if discrimination did indeed exist. A properties 'status' can change ...
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