Whether caused by the failure to follow precise escrow instructions or inattention to detail by one or more of the parties to a closing or payoff, the indebtedness secured by a lien on real property is often satisfied, but such lien is not released of record. Title companies conducting closings often close on a payoff
Mark Copertino
Residential Disclosures Required for Colorado Multifamily Sales
By Mark Copertino on
Posted in Commercial Real Estate, Multi-Unit Housing
C.R.S. 38-35.7-101, et. seq., mandates certain disclosures in connection with the sale of “residential real property.” However, a close reading of that statute reveals that certain of those disclosures apply not only to traditional residential properties (e.g. single family homes), but to commercial, multi-family projects, as well. While it’s common practice in Colorado to include…