While The Denver Post recently reported that completed foreclosure sales were at a five-year low in May of this year, and an informal survey by this office of various metro and mountain county public trustees confirmed that, based on filings for the first half of 2012, foreclosures are expected to be generally lower this year
Real Property
Increase in Foreclosures Leads to Greater Scrutiny of Public Trustees and Process
By Mary Jo Nolan on
Posted in Foreclosure, Real Property
The dramatic rise in the number of foreclosures filed in Colorado during the last five years has led to increased scrutiny of both the foreclosure laws and the actions of Colorado’s public trustees. As detailed in an April 4 post in this blog, proponents of ballot Initiative 84 had sought to correct perceived problems in…
Colorado Overhauls Record Keeping Requirements for Property Owners’ Associations
By Otten Johnson on
The Colorado legislature recently adopted a bill amending the Colorado Common Interest Ownership Act (CCIOA). House Bill 12-1237, which currently awaits Governor Hickenlooper’s signature, overhauls the record keeping requirements imposed upon Colorado’s property owners’ associations under CCIOA. Generally speaking, the requirements of this bill are more detailed than CCIOA’s old provisions on record keeping…
Colorado Apartment Vacancy/Rental Rates Suggest Market Optimism
By Bill Kyriagis on
This article in today’s Denver Post discusses how, despite some regional variation in vacancy rates and rents, the statewide trends suggest optimism among property managers and landlords concerning future demand.
The recent uptick in multi-family housing construction in some parts of Colorado indicates that developers may be feeling the same way.
It will be …
Construction Contract Legislation Fails in Committee
By Otten Johnson on
To update our previous post, Colorado Senate Bill 12-181 regarding construction contracts failed today in the Senate Business, Labor and Technology Committee by a vote of 6-1.