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Colorado Real Estate Law Questions & Answers
1 Answer | Asked in Real Estate Law for Colorado on
Q: Can I offer money to the buyer instead of fixing items from an inspection objection?

I want to give money to the buyer at closing (not take the amount off of the price of the house or off of the closing costs).

Charles Snyderman
Charles Snyderman
answered on Jul 1, 2014

You, the buyer, or both may be asked to sign one or more documents at the closing which certify, subject to penalties, that this did not happen. If you have a real estate agent, run it by your agent, who can talk to the buyer's agent, who in turn can discuss with the buyer's mortgage company.

1 Answer | Asked in Real Estate Law for Colorado on
Q: I have a condo in escrow. The Real Estate question.

I had an escrow scheduled to close on 4/12/14. The closing date has been put off twice and will need another extension tomorrow. The delay appears to have been caused by a dispute between the condo association and the lender. What would be the consequences should I refuse to sign another extension?... View More

Charles Snyderman
Charles Snyderman
answered on May 17, 2014

The rights and obligations of the buyer and the seller in a real estate transaction are determined by the agreement of sale. I recommend that you arrange a consultation with a real estate lawyer who can review your agreement of sale and answer your question.

1 Answer | Asked in Real Estate Law for Colorado on
Q: Can a counteroffer with a future expiration date be withdrawn prior to acceptance?
Timothy Canty
Timothy Canty
answered on Oct 25, 2013

Any offer or counteroffer can be withdrawn prior to acceptance as long as there was no agreement and consideration to keep it open until a specific date.

1 Answer | Asked in Real Estate Law for Colorado on
Q: Can my wife and I be joint tenants if I am the only one on the mortgage?

I own a home that I purchased before my wife and I were married. I would like to add my wife to the title so that the property is owned jointly, but I also want to avoid refinancing the mortgage. Can we set up a joint tenancy with survivorship while I'm the only one on the mortgage still?

Timothy Canty
Timothy Canty
answered on May 14, 2013

Yes you can. Title to real estate and liability on the mortgage are two separate interests. Most deeds of trust (mortgages) have a "due on sale" clause, but putting your spouse on the title is not considered a sale and they can't call the loan due for that reason.

1 Answer | Asked in Real Estate Law for Colorado on
Q: Can a bank require us to use a realtor to buy a house from a friend? The price is agreed on. We are in Colorado.
Timothy Canty
Timothy Canty
answered on Jun 12, 2013

There is no law that requires you to use a Realtor. Some lenders may have an internal policy that requires use of a broker. If that is the case, find another bank.

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