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 The Loan Modification Process “We need additional documents for review!”  How many times have I heard this request from Chase Bank, Bank of America, Wells Fargo Bank, GMAC, and other lenders in my efforts to negotiate a short sale or loan modification?  Indeed, this is a frustrating request, as it most often follows a submission […]

Foreclosure Information If you’re in the unfortunate position of facing a foreclosure on your home or property, your options to stop the foreclosure diminish as the sale date approaches. The closer the sale date, the less interested a lender will be in negotiating a loan modification, short sale, or other accommodation with the borrower. After all, […]

For Sale By Owner- Not As Simple As You Think! During these tough economic times, many homeowners are making the decision to sell their homes without the assistance of a realtor. This practice is commonly known by the acronym “FSBO“. Selling a home on your own can be a challenging task and requires the homeowner […]

Refunds For Foreclosed Homeowners For Colorado residents who have faced a foreclosure of their home or property, there may be a bit of good news. Last week, the Denver Post ran an article highlighting the surplus of funds being held by Public Trustee offices around the state as a result of overbids made by purchasers. Foreclosed homeowners get unexpected […]

Foreclosure Deficiency Judgements And You Generally, homeowners who lose their home to foreclosure in Colorado are responsible for any deficiencies that result from the sale of the home. A deficiency may occur if the home is sold for less than the amount due on the mortgage loan. For example, if a borrower owes $250,000 on a […]

Using The HAFA Program To Develop Home Foreclosure Alternatives On April 5, 2010, the Homeowners Affordable Foreclosure Alternatives Program (“HAFA”) went into effect after being introduced the previous year by the US Government. The HAFA program provides additional options to homeowners facing foreclosure, and offers incentives to lenders and borrowers who utilize a short sale […]

Be Wary Of Hidden Unfavorable Tenant Language In Contracts In my role as a Denver real estate attorney, I review a lot of commercial real estate leases for office and retail tenants. It never ceases to amaze me how one one-sided these lease agreements are written in favor of the landlord. More amazing, however, many […]

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