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Real Estate Attorney Colorado.com
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Did You Know?
Three theories exist regarding who has legal title to a mortgaged property
Under the title theory title to the security interest rests with the mortgagee. Most states, however, follow the lien theory under which the legal title remains with the mortgagor unless there is foreclosure. Finally, the intermediate theory applies the lien theory until there is a default on the mortgage whereupon the title theory applies.
Newsroom
News about real estate cases in Colorado and nationwide:
Definition:
Adjustable Rate Mortgage; a mortgage loan subject to changes in interest rates; when rates change, ARM monthly payments increase or decrease at intervals determined by the lender; the Change in monthly -payment amount, however, is usually subject to a Cap.
Closing costs
Definition:
Customary costs above and beyond the sale price of the property that must be paid to cover the transfer of ownership at closing; these costs generally vary by geographic location and are typically detailed to the borrower after submission of a loan application.
Home inspection
Definition:
An examination of the structure and mechanical systems to determine a home's safety; makes the potential homebuyer aware of any repairs that may be needed.
If you live in the following cities and need an real estate attorney you should contact
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Arvada
Aurora
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Canon City
Castle Rock
Colorado Springs
Commerce City
Denver
Durango
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Grand Junction
Greeley
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Louisville
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Pueblo
Westminster
Wheat Ridge
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general information related to real estate issues commonly encountered.
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