Technological advancements have dramatically changed both the economic and political climates of American energy policy. In the 1990s, there was significant concern about U.S. energy policy because so much fuel was imported from the middle east. While the U.S. had much of its own supply, it was very reliant on OPEC oil. At the time, […]
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Real estate deeds and their differences Last week I discussed the difference between a deed and deed of trust. To refresh, a deed of trust secures payment of a borrower’s debt, in a similar fashion as a mortgage does. On the other hand, a deed is a legal instrument that transfers ownership of real estate. […]
What is a Real Estate Partition? Here’s the situation: You and a friend purchased a home together. You are both listed on the deed which conveyed title to you both, and you are both borrowers on the mortgage loan secured by the property. But all of a sudden, life isn’t happily ever after. One or both of […]
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 […]