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 […]
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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 […]