A Castle Rock man is fighting to save his home and business after he was listed as deceased by credit reporting bureaus. Jerry Powell said everyone should check their credit report for errors to ensure they have time to correct them before they wreak havoc on their lives. Powell was launching a new company called […]
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The Colorado real estate market is hot. Prices are soaring, even in areas that were “left for dead.” In such a hot market, it is common to have a contract with a second buyer that is contingent on the deal falling apart with a first buyer called a backup contract. That is to say, a […]
The building boom continues in Denver as rental rates remain as high as some of the new structures that make up the city’s skyline. The average rent for a two bedroom apartment in Denver is now at $1,725 according to the Rent Cafe website. The higher the rent soars, the less patient tenants become when […]
Transferable Development Rights, Part II According to reports, part of why the city of Houston has been so devastated in the wake of Hurricane Harvey is because of the discrepancy between the city’s depression-era water and flood system and its modern-day buildings. While the city of Houston, with its large population, aggressively sought to be ranked as a […]
During the Great Recession of 2007-2009, a slew of houses across the country fell into foreclosure. The foreclosure epidemic triggered an avalanche of defaults in the financial and other sectors. In turn, there was financial chaos. The foreclosures triggered blight wherein dark, unkempt houses dotted cities across Colorado. This further contributed to the difficult economic […]
Withhold Rent in Colorado Colorado landlord/tenant law was designed to protect both landlords and tenants who engage in a deal. While the initial purpose of the rental is presumably for the benefit of both parties, misunderstandings, disputes, and the like can and do occur. One party may not be living up to its obligations. With […]
The tort of slander of title, codified under the Colorado Code, takes on many forms. It can be similar to libel in that it someone defames property that leads to some sort of damage. In addition to basic libel, the tort of slander of title includes various claims against a property that are untrue. These […]
When the government wants to build a highway, school, or other piece of infrastructure, it has the legal right to take your house and pay you fair market value so that it can do those things. Article II, Section 15 of the Colorado Constitution provides: “Taking property for public use compensation, how ascertained. Private property […]
Often, a person will draft a will that devises, upon his or her passing, that property or properties will go to his or her heirs as “joint tenancy with the right of survivorship” or similar language. Per the joint tenancy and per Colorado law, each heir owns an undivided interest in the entire property in common with the […]
Just because you own a piece of property does not mean that you can do whatever you want on that property. In simple terms, owning a car does not mean that you can drive in any way you want or cause damage with your car. In other words, despite ownership of property, you still have limitations using your […]
As Colorado’s population grows and becomes more diverse, so do potential issues with respect to real estate and race. While Denver and other Front Range areas have long-standing Latin communities, others are relative newcomers to the scene. Though unlikely, it is possible that a seller will refuse to sell a house or other property to a member of […]
The current explosion in Colorado real estate prices raises the question of whether the real estate market is headed into a boom and bust cycle. While the local real estate boom is on a grander scale than the national average and the housing bust of 2008-10 was on a grander scale than the Colorado real estate market, there […]