What Is A Wrap Around Mortgage?

What Is A Wrap Around Mortgage?

Understanding a Wrap Around Mortgage Historically a “wrap around mortgage” was used to accomplish a lower blended rate on real estate purchases in high interest rate environments. For example, let’s presume a seller has an existing loan at 3% interest for 50% of...
Common Reasons Brokers Get Into Trouble

Common Reasons Brokers Get Into Trouble

MISREPRESENTATION OR FAILURE TO DISCLOSE A MATERIAL FACT. Colorado license law and Real Estate Commission rules require a licensee to disclose all known material facts. Facts are “material” if knowledge of such fact would affect a buyer’s decision to make an offer, or...
Simple Strategies to Avoid Problems

Simple Strategies to Avoid Problems

This post is designed to assist licensed real estate brokers in Colorado avoid common mistakes while navigating through a transaction. Assume the judge will be the next person to read your contract   Colorado License Law requires you to exercise reasonable skill and...
Finding a Brokerage Firm

Finding a Brokerage Firm

When applying for an active real estate license, each new Broker Associate must affiliate with a brokerage firm for a minimum of two years prior to upgrading to Independent or Employing Broker. Be encouraged by the fact that nearly all brokerage firms are hiring new...