Riley Celebrates his Condo Purchase

Issue: Current laws governing construction litigation in Colorado are negatively impacting both construction of new condominium (townhome) projects and the ability of unity owners in some existing projects to sell or refinance their properties. There are many willing and able buyers for condominiums in Colorado -there are many willing and able buyers for condominiums (townhomes) in Colorado – impacting affordable housing, affecting typical lower price points to offer buyers, especially the first time home buyers. Transactional housing market data from the REcolorado demonstrates this demand in Metro Denver.

CLICK HERE for in depth detail.

Reform topics
– Notice to unit owners – impacts of litigation on property
– Informed consent – simple majority vote to proceed with litigation
– ADR/Meditation – this component may not be included in this session’s iteration because there is a case pending in the Colorado Supreme Court which covers this part of the issue.
– The Homeownership Opportunity Alliance coalition is still determining the best course of action.

Cliff Daniels
Active Properties
Boulder Colorado
720 434 1418
cliff@actprop.com