The Mortgage Cancellation Tax Relief expired December 31, 2013. Without an extension from Congress, homeowners who have had any amount of mortgage forgiven by a lender through either a foreclosure or short sale will be forced to pay a "phantom income tax" on any amount that was forgiven. It is CAR and NAR's position that homeowners should not be subject to...
NEW Extended Monday Hours beginning January 6, 2014. As CAR works to expand popular services and benefits to members, we are happy to announce that the CAR Legal Hotline will have extended hours on Mondays beginning on January 6, 2014. The hotline will be open on Mondays from 9:00 am until noon and 1:00 p.m. until 4:00 p.m. The hours will...
Colorado REALTORS(R) may be accustomed to calling Xcel Energy to obtain average energy data for properties they will be listing. Because of the growing sensitivity around privacy and security issues, beginning Feb. 1, 2014, Xcel Energy will no longer provide this information to anyone other than the person who pays the energy bill for the property. You may contact the seller...
After a brief pilot phase in two test markets (including Boulder, Colorado) with AgentMatch, Realtor.com® is pulling the plug, citing a faulty algorithm to “match” consumers with REALTORS®. A computer cannot find the best REALTOR® for someone, just like a computer cannot place an accurate value on a home. Read the whole statement from Realtor.com® President Errol Samuelson below: December 12, 2013 Letter from Realtor.com® President...