This O&E is For You
Ownership & Encumbrance Reports. We’re glad to share this tip for an easy way to be sure that the title is correctly stated on property title transfers.
Margarita Fever – Buying Real Estate in the Land of the Fideicomiso (Mexico)
Coloradoans are getting Margarita Fever. A trip to the Mexican sun coast. Warmth, salt air and a whiff of humidity. A yearning for a piece of Mexican paradise warms the body while a little tequila whispers soulfully that it is the right thing to do. Why A Fideicomiso? Foreigners cannot directly own Mexican real property […]
Taxation of Residential Vacation Rental Property
There is a lot of conversation at the Colorado State level surrounding taxation of vacation rentals. As of right now, three bills may be presented. First, HB22-1117 has been presented as an opportunity for county governments to introduce lodging taxes at a county level. These taxes would be dedicated to tourism marketing and workforce housing. […]
Residential Purchase Contract As-Is Addendums
Home buyer’s remorse used to mean having some misgivings about the house purchase price paid and the monthly mortgage payments. Today, it can mean a lawsuit against the home seller. Sometimes, those lawsuits can be for hundreds of thousands of dollars. In most cases, insurance does not cover the loss or even the defense. For […]
Real Estate Contract by Text Message? Are You Kidding?
Realtors negotiating price back and forth by text message may find themselves with some unhappy clients if not a lawsuit. The general rule in real estate is that all contracts for the sale of real estate must be in writing.
Pirates of the Caribbean: Land Transfers & Estate Planning in Foreign Jurisdictions
Understanding Local Colorado Real Estate Law Thinking about buying real estate in the Bahamas? Maybe a timeshare in Barbados? A quaint villa in the French West Indies? Well, before you do, you may want to research the local real property taxes, think about how this little piece of paradise fits into your overall estate plan […]
Recovering Damages Failure To Disclose Real Property Defects
With the downturn in the real estate market, some sellers are deciding not to disclose known problems with their home. More and more home buyers are taking sellers to court to recover damages for failing to disclose real property defects.
Botched Deeds
As an estate planning lawyer in Colorado, I have the unique opportunity to see title problems caused by poorly drafted deeds. Here are just a few of the many deeds problems or “botches” we have seen over the years. The Joint Tenancy Botch In order to take title to real estate as joint tenants with […]
Colorado Beneficiary Deeds: An Introduction
Beneficiary Designations and Beneficiary Deeds in Colorado Beneficiary designations have long been used to avoid probate upon death. Bank accounts, investment accounts, retirement accounts and life insurance can be transferred upon death by naming a beneficiary to the account or life insurance proceeds. However, when it comes to real estate, designating a beneficiary is not […]