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We hear a lot about “foreclosures” and buyers and investors looking for “foreclosures” and real estate agents advertising “foreclosures.” In fact, what most of these people are referring to are REO (real estate owned ) properties, that is, real estate owned by the bank. These are properties that have actually gone through the legal foreclosure [...]
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Most people have some concept of agency, although a lay person may not understand completely the legal definition and ramifications of agency. To confuse the issue, many people refer to a licensed real estate professional as a real estate agent, without considering or appreciating the legal significance of the term “agent.”
In Colorado, not all real [...]
