The TILA-RESPA Integrated Documents (TRID) or Know Before You Owe rule went into effect on October 3rd 2015. What’s happened since? The National Association of REALTORS has released a report that details the new closing process since it went into effect. A few highlights of NAR's Report: (Read the full report here) Highlights: Delayed transactions fell from 10.4% to 8.5%, but cancelations edged...
Effective January 1, 2016 in accordance with Senate Bill 2016-115, the e-recording technology fund fee will increase to $3.00 for each recorded document (C.R.S. 30-10-421) for a period of five years. This will bring the fees to $13.00 for the first page and $5.00 for each additional page on every recorded document. One dollar of the fee will be retained by...
The Colorado Association of REALTORS® wishes to alert all members that an email scam has been targeting our members. If you receive an email regarding an "overdue balance" that claims CAR is trying to collect a debt, please delete this email as it is a scam. DO NOT send any money to the email sender or to the Schinner Law Group....
Median sales price for Colorado’s single-family homes dips for second time in three months while condominium/townhouse prices increase. The median sales price of a single-family home in Colorado has dropped for the second time in the past three months to $336,700. The one percent dip comes on the heels of a flat August and a nearly 3 percent dip reflected in...
Median sales price for Colorado’s single-family homes dips for second time in three months while condominium/townhouse prices increase. The median sales price of a single-family home in Colorado has dropped for the second time in the past three months to $336,700. The one percent dip comes on the heels of a flat August and a nearly 3 percent dip reflected in...