A Statement of Authority vests an individual with unambiguous authority to hold and convey real property on behalf of an entity. Under Colorado law, an entity includes any corporation, government or governmental subdivision or agency, business trust, estate, trust, limited liability company, partnership, association, or other legal entity. Entities are allowed to hold and convey real property in the entity name in Colorado which is helpful for business versatility and estate planning.
Read MoreFor many, purchasing a home is the largest transaction a person enters in their life. With real estate brokers, appraisers, mortgage lenders, and sellers all feeding you information during the home purchase process, you may resist adding attorneys to the mix. However, this blog explains why having an attorney quickly review your purchase contract in a Colorado home sale might save you time, money, and stress in the long run.
Read MoreThe idea behind property disclosures is to ensure that a buyer knows what they are purchasing. A seller of real estate cannot be deceitful when attempting to sell a property. A buyer must know what “as-is” means before purchasing a property. For example, if a seller knows about a sewage repair that needs to be made on the house, this must be disclosed. It is unfair for a buyer to have to purchase a house without knowing about the mess that needs to be cleaned up. Honesty is the best policy for sellers and buyers when purchasing real estate in Colorado.
Read MoreQuiet title actions are legal proceedings where a landowner seeks legal protection over their right to possess or use land. Quiet title actions are common when a landowner’s neighbor is using their land against their will and when a land survey reveals that a property line is different than the landowner and their neighbor previously thought.
Read More
