-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

Risk of loss or damage is assumed by Selleruntil sale is closed, unless Purchaser takes possession of the propertyprior thereto, in which case State law shall apply. (1) If sale involvesFHA insured financing and after damage the property no longermeets the intent of Minimum Property Standards (MPS), Seller may,at its option, perform repairs or cancel the contract and returnPurchaser’s full earnest money deposit.

Wouldn't it be better for California to just get rid of whatever laws they have that make it a no-recourse loan state?

Hi Sabrina,I don't know much about Colorado law and I'm not an attorney, but I can tell you what we have done out here in California that may steer you in the proper direction and help you ask the right questions.Originally posted by Sabrina H:Also, since these properties will most likely be condos (making sure that the HOA covers the roof and exterior maintenance), do we need to get some sort of insurance outside of regular 'condominium insurance'?

If you have to clean it up, take it out of his security appropriately.Follow the law as it's written.

Your title does not go through the Articles of Organzation, the AoO is like the By-Laws for a corporation, it states how business is to be conducted.

Unfortunately I let O'Brien Law close one of my deals with HUD to save money and guess what they didn't catch back taxes due on property when I went to resell.

However on April 5, 2012, the SEC stated that crowdfunding would be unlawful under the current federal securities laws.

Regular transactions are a bottom of the barrel law practice, so you run into lots of one lawyer office mediocrity.

FYI, I am aware I should seek legal advice from a lawyer and all laws vary from state to state.