Common use of Colorado Foreclosure Protection Act Clause in Contracts

Colorado Foreclosure Protection Act. The Colorado Foreclosure Protection Act (Act) generally applies 499 if: (1) the Property is residential, (2) Seller resides in the Property as Seller’s principal residence, (3) Buyer’s purpose in purchase 500 of the Property is not to use the Property as Buyer’s personal residence, and (4) the Property is in foreclosure or Buyer has notice 501 that any loan secured by the Property is at least thirty days delinquent or in default. If the transaction is a Short Sale transaction 502 and a Short Sale Addendum is part of this Contract, the Act does not apply. Each party is further advised to consult an attorney.

Colorado Foreclosure Protection Act. The Colorado Foreclosure Protection Act (Act) generally applies 499 458 if: (1) the Property is residential, (2) Seller resides in the Property as Seller’s principal residence, (3) Buyer’s purpose in purchase 500 459 of the Property is not to use the Property as Buyer’s personal residence, and (4) the Property is in foreclosure or Buyer has notice 501 460 that any loan secured by the Property is at least thirty days delinquent or in default. If the transaction is a Short Sale transaction 502 461 and a Short Sale Addendum is part of this Contract, the Act does not apply. Each party is further advised to consult an attorney.. 462

Colorado Foreclosure Protection Act. The Colorado Foreclosure Protection Act (Act) generally applies 499 458 if: (1) the Property is residential, (2) Seller resides in the Property as Seller’s principal residence, (3) Buyer’s purpose in purchase 500 459 of the Property is not to use the Property as BuyerXxxxx’s personal residence, and (4) the Property is in foreclosure or Buyer has notice 501 460 that any loan secured by the Property is at least thirty days delinquent or in default. If the transaction is a Short Sale transaction 502 461 and a Short Sale Addendum is part of this Contract, the Act does not apply. Each party is further advised to consult an attorney. 1. Xxxxx and Xxxxxx agree to all of the following five conditions:

Colorado Foreclosure Protection Act. The Colorado Foreclosure Protection Act (Act) generally applies 499 459 if: (1) the Property is residential, (2) Seller resides in the Property as Seller’s principal residence, (3) Buyer’s purpose in purchase 500 460 of the Property is not to use the Property as Buyer’s personal residence, and (4) the Property is in foreclosure or Buyer has notice 501 461 that any loan secured by the Property is at least thirty days delinquent or in default. If the transaction is a Short Sale transaction 502 462 and a Short Sale Addendum is part of this Contract, the Act does not apply. Each party is further advised to consult an attorney.. 463

Colorado Foreclosure Protection Act. The Colorado Foreclosure Protection Act (Act) generally 500 applies 499 if: (1) the Property is residential, (2) Seller resides in the Property as Seller’s principal residence, (3) Buyer’s purpose in 501 purchase 500 of the Property is not to use the Property as Buyer’s personal residence, and (4) the Property is in foreclosure or Buyer 502 has notice 501 that any loan secured by the Property is at least thirty days delinquent or in default. If the transaction is a Short Sale 503 transaction 502 and a Short Sale Addendum is part of this Contract, the Act does not apply. Each party is further advised to consult an 504 attorney.

Colorado Foreclosure Protection Act. The Colorado Foreclosure Protection Act (Act) generally applies 499 480 if: (1) the Property is residential, (2) Seller resides in the Property as Seller’s principal residence, (3) Buyer’s purpose in purchase 500 481 of the Property is not to use the Property as Buyer’s personal residence, and (4) the Property is in foreclosure or Buyer has notice 501 482 that any loan secured by the Property is at least thirty days delinquent or in default. If the transaction is a Short Sale transaction 502 483 and a Short Sale Addendum is part of this Contract, the Act does not apply. Each party is further advised to consult an attorney.. 484

Colorado Foreclosure Protection Act. The Colorado Foreclosure Protection Act (Act) generally applies 499 480 if: (1) the Property is residential, (2) Seller resides in the Property as Seller’s principal residence, (3) Buyer’s purpose in purchase 500 481 of the Property is not to use the Property as BuyerXxxxx’s personal residence, and (4) the Property is in foreclosure or Buyer has notice 501 482 that any loan secured by the Property is at least thirty days delinquent or in default. If the transaction is a Short Sale transaction 502 483 and a Short Sale Addendum is part of this Contract, the Act does not apply. Each party is further advised to consult an attorney.. 484

Colorado Foreclosure Protection Act. The Colorado Foreclosure Protection Act (Act) generally applies 499 479 if: (1) the Property is residential, (2) Seller resides in the Property as Seller’s principal residence, (3) Buyer’s purpose in purchase 500 480 of the Property is not to use the Property as Buyer’s personal residence, and (4) the Property is in foreclosure or Buyer has notice 501 481 that any loan secured by the Property is at least thirty days delinquent or in default. If the transaction is a Short Sale transaction 502 482 and a Short Sale Addendum is part of this Contract, the Act does not apply. Each party is further advised to consult an attorney.. 483 11.1. Buyer and Seller agree to all of the following five conditions: 1.1. Buyer will not assume any financial or legal obligations of Seller; 485 11.1.2. There are no rental agreements or leases for the Property between Buyer and Seller;

Colorado Foreclosure Protection Act. The Colorado Foreclosure Protection Act (Act) generally applies 499 458 if: (1) the Property is residential, (2) Seller resides in the Property as Seller’s principal residence, (3) Buyer’s purpose in purchase 500 459 of the Property is not to use the Property as BuyerXxxxx’s personal residence, and (4) the Property is in foreclosure or Buyer has notice 501 460 that any loan secured by the Property is at least thirty days delinquent or in default. If the transaction is a Short Sale transaction 502 461 and a Short Sale Addendum is part of this Contract, the Act does not apply. Each party is further advised to consult an attorney.. 462

Colorado Foreclosure Protection Act. The Colorado Foreclosure Protection Act (Act) generally applies 499 521 if: (1) the Property is residential, (2) Seller resides in the Property as Seller’s principal residence, (3) Buyer’s purpose in purchase 500 522 of the Property is not to use the Property as Buyer’s personal residence, and (4) the Property is in foreclosure or Buyer has notice 501 523 that any loan secured by the Property is at least thirty days delinquent or in default. If the transaction is a Short Sale transaction 502 524 and a Short Sale Addendum is part of this Contract, the Act does not apply. Each party is further advised to consult an attorney.. 525 11.1. Buyer and Seller agree to all of the following five conditions: 1.1. Buyer will not assume any financial or legal obligations of Seller; 1.2. There are no rental agreements or leases for the Property between Buyer and Seller;