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2011 contract changes for investors

Changes for Investors in 2011 – Part 2

By in Buying On December 8, 2010

Due to House Bill 1133, investors will experience some changes when it comes to fixing and flipping homes in 2011. Investors who purchase a short sale and plan on flipping the property in less than 14 days are required to disclose the information to the seller and the seller's lender prior to the closing of…

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Changes for Investors in 2011 – Part 1

By in Buying On December 7, 2010

Until January 1, 2011, investors who purchase a short sale property are required to use a different contract under the Colorado Foreclosure Protection Act.  The purpose of the act is to protect home sellers who are facing foreclosure and receive a purchase offer from a buyer who is not planning on occupying the home as…

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