With the turning of the calendar from 2021 to 2022 new Fannie Mae lending guidelines become effective on January 1, 2022. One of the new lending guidelines includes a prohibition on the purchase of loans in communities with significant deferred maintenance or unsafe conditions. These new guidelines are a direct result of the Surfside tragedyGo to Article
Category: Real Estate
As a community association manager you may start to see selling owners requesting additional documents as part of their upcoming closing on their unit. This is because the Colorado Real Estate Commission approved a new Contract to Buy and Sell Real Estate (Residential) effective January 1, 2019 (“Buy Sell Contract”). The new Buy Sell ContractGo to Article
Almost every Association has the one property that the owners have abandoned and that the bank is dragging its feet on to foreclose. What can an association do to try and get the bank to move along the foreclosure process? One solution may be to file a complaint with the Consumer Financial Protection Bureau (“CFPB”).Go to Article
Denver City Council has established a Sharing Economy Task Force to study the issue of regulation of short term rental of homes. In Denver, it is illegal to rent a residence for less than 30 days.
A recent article in the Denver Post offers the following 7 tips to minimize risk for homeowners electing to rent out their homes: • Find the Right Tenant. Use credit and background checks to screen and select tenants. • Prepare the House. Before renting, clean the house thoroughly and tackle any looming improvement projects prior to leasing. • DocumentGo to Article