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Colorado Real Estate Law Questions & Answers
1 Answer | Asked in Probate and Real Estate Law for Colorado on
Q: 7 Siblings fighting over deceased parents cottage. I have no interest in property but fear incurring legal fees.

My parents passed away in October 2014 before transferring the title of a $70k cottage to one of my seven siblings. Now five are contesting (in probate) the sixths siblings belief that the property should be his. I want no part of this property nor the ensuing legal fees I foresee from a... View More

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on May 23, 2016

I assume that you are a beneficiary, but not the personal representative (executor) to the estate. If this is correct, you will not be personally liable for ANY legal fees (unless you file into the case, and then only for your personal legal fees). The legal dispute may reduce (and potentially... View More

1 Answer | Asked in Real Estate Law for Colorado on
Q: If my neighbor has a tree that is hanging over my property, is it their responsibility to trim ?

The tree is on common property of a townhouse association, I have asked their property manager repeatedly via phone and email.

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on May 18, 2016

Trees and other landscaping must be keep in a manner that is safe for surrounding property owners. If there is not a legitimate safety concern, the owner is not required to trim the tree (courtesy is a different story...). On the other hand, you the surrounding property owner have a right to trim... View More

1 Answer | Asked in Real Estate Law for Colorado on
Q: Is a home seller in Colorado obligated to accept a full price offer with no contingencies?
Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on May 15, 2016

Review you various agreements first, but as a general rule you are not forced to accept an offer.

1 Answer | Asked in Landlord - Tenant and Real Estate Law for Colorado on
Q: Realtor is showing the home we live in, gave no specific time, just said 8am-6pm until it is rented. Is that legal?

She told us she will beigin showing on 5/10 8am to 6pm until the home is rented. I was under the impression we need 24 hour notice. Also is there any limit to what they can show, or do they have total freedom around the house?

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on May 7, 2016

Check you listing agreement. Most agents tend to imply that a showing can occur at any minute to encourage homeowners/sellers to keep the place clean and presentable. I have never seen a listing agreement in which the agent will appear with potential buyers without providing reasonable notice to... View More

1 Answer | Asked in Real Estate Law for Colorado on
Q: I am considering purchasing a home cash only due to an open permit issue in fl. How can I find out more info about it?
Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on May 7, 2016

Some material may not be available to the public. Check with the county where the home is located. Many counties have detailed information about a home for free. If you want a complete list of information about the house, you likely will have to contact the county and request the documents (a fee... View More

1 Answer | Asked in Real Estate Law for Colorado on
Q: Selling comml property in CA using only a real estate attorney?

I represent trustees of an estate that are selling a small commercial property in CA.

We have 4 prospective buyers lined up, so it looks like no marketing is required.

The trustees have little knowledge of comm'l real estate, so we would like to hire someone to take the deal... View More

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Apr 30, 2016

You will need to contact a lawyer for specific advice. Justia's Q&A is designed for general questions.

1 Answer | Asked in Estate Planning and Real Estate Law for Colorado on
Q: I am buying investment property in my name but plan to transfer to a trust. Will county records still show my name later

Wondering if county records will still show my name later on after I transfer the property to a land trust.

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Apr 30, 2016

You will need to contact a lawyer for specific advice. Justia's Q&A is designed for general questions.

1 Answer | Asked in Real Estate Law for Colorado on
Q: As a seller, what are my rights concerning the buyers inspection issues if I have a better back-up offer in place?

I am a seller under contract. In addition to the 1st offer, I have a better back-up offer. The buyer has just asked for several expensive things to be fixed in the Inspection Objection. Can I just say no and move on to the better backup offer? What makes this a tricky situation is that the buyer... View More

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Apr 24, 2016

Since Justia does not create an attorney-client relationship, I cannot directly answer your question. As a general rule, you, the seller, have a right to reject the (counter) offer of repairs (or discount for the repairs), but the buyer can still enforce the contract (assuming the buyer drops the... View More

1 Answer | Asked in Landlord - Tenant and Real Estate Law for Colorado on
Q: My landlord hasnt paid mortgage house in foreclosure. Can I stay in home after house auctioned?

I cant find a new place to rent. No one accepting Section 8 Voucher or rentvis to high for what I am allowed with the voucher.

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Apr 12, 2016

The lender and subsequent purchaser cannot lawfully evict a tenant or change the terms of a pre-existing lease from the property. The new owner(s) can either (1) refuse to renew your lease or (2) offer to buy you out early. If the lender tries to force you out via letters and/or changing the locks... View More

1 Answer | Asked in Family Law and Real Estate Law for Colorado on
Q: can i put land in new mexico, in my minor childs name without my xwife being able to touch it or stop me from selling?

its a vacant lot, i would like to invest some money im coming into but am not allowed to have, the land cant be under my name either because its an asset.

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Apr 7, 2016

There is not enough information to make an assessment. The fact that you appear to be intentionally trying to sequester assets is not a good sign...

1 Answer | Asked in Real Estate Law for Colorado on
Q: Can a 50% owner of a property dictate that the other 50% owner pay money or sign agreement to live in the house?

My ex wife if 50% owner of the property and is trying to make me sign an agreement that I will pay the mortgage 11 days before it is due, pay her $100 per month once the 2nd mortgage is paid off (half of what the 2nd mortgage payment is), and give her a security deposit? I have been living in the... View More

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Mar 10, 2016

You have two separate issues here (they do overlap, but they can be treated separately). (1) you and the management company: this is a simple contract; if you want to terminate the lease review the procedures for termination and early termination (be aware you may be locked in the lease for 1... View More

1 Answer | Asked in Real Estate Law for Colorado on
Q: I dont believe my offer was given to the sellers. Can I write a letter to the sellers (me=the buyer) and send it?

We submitted a contract on a home that stated it came with a home theater in the MLS. They countered saying the theater wasnt included (they only gave us 45 minutes to respond and we missed the window) - their agent went and changed the listing to say home theater NOT included. My agent... View More

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Mar 3, 2016

First, check you agreement with your broker to make sure there is no provision prohibiting direct contact (I have never heard of or seen this type of limitation, but you should check). There are no legal restriction preventing you from directly contacting the seller or the seller's broker. Be... View More

1 Answer | Asked in Real Estate Law for Colorado on
Q: In Colorado is a moveable shed without a foundation considered real property and have to be sold with the house?
Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Mar 2, 2016

First review the purchase agreement, land sale contract, and description of the property associated with the deed. Look for the term "fixture" or description of the shed. If the term is not described, then a facts and circumstances test is required (this means reviewing Colorado case... View More

1 Answer | Asked in Real Estate Law for Colorado on
Q: Looking to buy a home as tenants in common in Colorado, is it ok that the other co-owner lives out of state?

The other co-owner also owns another residence, would this new residence be considered a vacation home and would they have to pay extra taxes? Finally, do both parties have to take out the mortgage jointly, or can just one party take out the mortgage?

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Mar 1, 2016

There is no requirement that a joint property owner reside in Colorado. All the documents can be faxed/mailed/sent via email and signed out of Colorado. I'm not sure what you mean by extra taxes (there is no special tax for second homes, just reduced deductions versus a domicile/primary... View More

1 Answer | Asked in Real Estate Law for Colorado on
Q: Who would review offers when it states in the description of the property that all offers will be reviewed on Feb 29th?

I am wanting to make an offer on a piece of property. I feel the agent that has it listed is only going through the motions. He has told the person helping me that waiting to see the house in ludicrious. He is the one that has it listed. He doesn't have the keys says that the property is being... View More

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Feb 23, 2016

The seller is the party that reviews, so presumably this is the petroleum company. I can think of two reasons why the broker is acting disinterested. One, the land is undermined and the home may not be habitable. Two, with the decline in oil prices the company is cash strapped. In either case,... View More

1 Answer | Asked in Consumer Law and Real Estate Law for Colorado on
Q: If a buyer checks the conventional loan box on an offer and proceeds with an FHA. Seller lost offers what recourse

Do the Sellers have? They can't accept FHA on uncertified community. They now lost contract on their new home because their down payment was from the proceeds of a contract from an intentionally lying Buyer. The Buyer was told only CONV offers would be accepted.

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Feb 2, 2016

Review the offer, but normally you as the seller gets to keep the earnest money (aka money down). You may need a lawyer to review the documents.

1 Answer | Asked in Real Estate Law for Colorado on
Q: Is the seller obligated to inform the buyer if the HOA fees increase before the closing?

I closed on a condo thinking I knew the HOA fees. I found out that the HOA doubled the fees a month before I closed but was never informed by the seller or the listing broker, or the HOA for that matter. The seller is arguing that they never got the letter or email about the decision to increase... View More

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Feb 1, 2016

Yes the seller was required to update the information about the changing HOA fees. The broker may or may not have known about the change (the duty to inform is placed on the seller). The HOA is usually not required to inform potential buyers since you are not technically an owner/member until after... View More

1 Answer | Asked in Real Estate Law for Colorado on
Q: Do I owe commission to realtor ?

I talked to a realtor do have my house listed.

He sent me the listing agreement, which I never signed. He ran comps for me.

He put a lock box on the house without me knowing.

I want to use a different agent instead, but he needs the keys to get in the house.

The... View More

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Jan 30, 2016

Commissions are typically tied to the listing agreement. Since, you did not sign anything there is no evidence of an agreement. An oral contact is remote possibility, but is unlikely (esp. since the property is real estate). If you want to be totally protected, send realtor 1 a letter stating that... View More

1 Answer | Asked in Real Estate Law for Colorado on
Q: Does a real estate agent have a right to a commission after the hold over period on the contract?

The agent did not show the home nor has the listing been active since 10/15 but she had a 120 day hold over. A buyer has come forward that I showed the home to. Does the real estate agent have any right to a commission after the hold over period has expired?

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Dec 29, 2015

Check your agreement for specifics. From your facts, the holdover period is currently active. Unless the agreement states otherwise, the tolling (counting) for the potential buyer would be on the date you were contacted (i.e. covered under the holdover period). Therefore, the agent would have a... View More

1 Answer | Asked in Real Estate Law for Colorado on
Q: How is the size of the home determined for appraisal when there is a unregistered built out basement in Colorado?

I am looking at purchasing a home. It appears that the original home was around 2500 sq ft with 2 bed, 3 bath & a basement - this is what shows in the public records. The basement has been built out with additional bedrooms & bathrooms, but does not show up in the public records. How... View More

Tristan Kenyon Schultz
Tristan Kenyon Schultz
answered on Dec 8, 2015

Normally the basement would be included in the appraisal. Contact an attorney to review the specifics of an unrecorded improvement and how this can be corrected. As an aside it is entirely possible that a lender would know about the improvement from homeowners' insurance or collateral on a loan.

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