This Seller's Disclosure Notice of Financing Terms Contract for Deed serves as notice to Purchaser of the purchase price of property and how payments, interest, and late charges are set. This document should be completed by Seller of property and provided to the Purchaser at or before the signing of the contract for deed.
Fort Collins Colorado Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract
Category:
State:
Colorado
City:
Fort Collins
Control #:
CO-00470-3
Format:
Word;
Rich Text
Instant download
Description
How to fill out Colorado Seller's Disclosure Of Financing Terms For Residential Property In Connection With Contract Or Agreement For Deed A/k/a Land Contract?
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FAQ
If you're considering purchasing or selling a resale home (meaning an existing home rather than a new build home) in Colorado, the agreement under which you might purchase or sell the property is the Colorado Real Estate Commission's (?CREC?) Contract to Buy and Sell Real Estate (Residential).
As approved by the Colorado Real Estate Commission (GD31-9-12), sellers should complete the Green Disclosure form that tackles the energy-related issues of the property sold.
Colorado courts have concluded that sellers are in a superior position to know the condition of a house and therefore have a duty to disclose defects in the house, which is typically accomplished through a seller's property disclosure form.
Colorado's Disclosure Laws. Colorado state statutes require that sellers of residential property disclose the following to buyers: That the property might be in a special taxing district, and where the buyer can go to find out whether the property is, in fact, within such a district.
Colorado Seller's Property Disclosure Form?Disclosure Requirements. When you sell a home in Colorado, you need to make disclosures under the terms of the Seller's Property Disclosure statement.
Facts & Defects Disclosures In Colorado, sellers have a duty to disclose information the buyer would find of significant importance about the property. This information is a material fact. Sellers are also supposed to reveal issues that could negatively affect the property's value. This is an adverse material fact.
